July 14, 2020—With today’s historically high gift and estate tax exemptions, and historically low interest rates, the use of personal trusts can be particularly beneficial in this favorable wealth planning environment. Many are asking: Why are personal trusts an important part of an effective estate plan? How do I structure and implement a trust that is right for me? National Director of Delaware Trust Planning Jeff Wolken discusses the features and benefits of using personal trusts in your estate planning efforts, and how establishing your trust in a tax-friendly jurisdiction such as Delaware can create even more advantages.
The Flexibility and Freedom of a Delaware Directed Trust
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The information provided herein is for informational purposes only and is not intended as a recommendation or determination that any tax, estate planning, or investment strategy is suitable for a specific investor. Note that tax, estate planning, investing, and financial strategies require consideration for suitability of the individual, business, or investor, and there is no assurance that any strategy will be successful.
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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.
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