Mark is responsible for managing a team of relationship managers with expertise in planning, fiduciary services, investments, private banking, and estate settlement for clients with inherited wealth. Mark ensures that his teams provide ongoing support and communication for our clients, while continually assessing their needs and recommending appropriate strategies to meet their current and long-term objectives.
Mark joined Wilmington Trust in 1990 and has specialized in all aspects of corporate development and wealth advisory services during his tenure with the company. He holds an MBA from the University of Delaware and bachelor’s degrees in Accounting and Finance from Goldey-Beacom College, where he graduated summa cum laude. Mark is also a graduate of the A.B.A. National Graduate Trust School and is a Certified Trust and Financial Advisor.
Mark serves on the Advisory Board for the College of Business and Economics of the University of Delaware, Financial Advisory Council of New Castle County, and the Board of Directors of the American Red Cross of Delmarva. In addition, he has been on the faculty of the American Bankers Association (ABA) National Trust School for almost a decade.
Mark’s past community and professional affiliations include the Wilmington Jaycees, the Delaware Jaycees, Contact Delaware, Prevent Child Abuse Delaware, and the ABA Trust School Advisory Board.
One estate planning option to help reduce your taxable estate and protect assets for beneficiaries. A discretionary sprinkling family trust is designed to provide distributions to those beneficiaries who need them the most. The trustee is given the discretion to “sprinkle” income and/or principal among several beneficiaries or to let it accumulate in the trust.
Keep control of your own destiny and make things a little easier on those closest to you. Just as important as wills and trusts are your durable power of attorney, medical power of attorney, and living will. These documents should be updated as your life evolves and family circumstances change. Remember these documents are very
Motivating your children to achieve financial independence beyond their trust payouts. Family incentive trusts offer innovative strategies for distributing wealth while passing on the family’s work ethic to the next generation. Parents can specify almost any rules they want, reflecting their desire for their heirs to seek higher education or to set up a
