A planning option when you need a trust, but want to or must maintain control.

  • Many high-net-worth families find that their wealth is concentrated in a particular investment or sector, making estate planning difficult.
  • A trust is an effective vehicle to overcome this obstacle and to transfer wealth to the next generation or to protect assets from creditors.
  • A directed trust can provide a family with the flexibility and freedom they need to overcome many hurdles in their trust and estate planning process.

Estate planning for high-net-worth families frequently requires the use of trusts. But relinquishing investment decisions to a trustee is not a comfortable or practical choice for some families. Fortunately, Delaware’s unique trust law provides a solution to this problem through directed trusts.

Note that a few states, including Delaware, have special trust advantages that may not be available under the laws of your state of residence, including asset protection trusts and directed trusts. If you are interested in learning more about the trust advantages under Delaware law, please let us know, and we will put you in contact with our affiliate, Wilmington Trust Company.

Please see other important disclosures at the end of the article.

 

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