Wilmington Trust

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Delaware Trusts | Wilmington Trust: Wealth Advisory: Professional Advisors: Delaware trusts
Wealth Advisory

Delaware Trusts

Trusts are important planning vehicles, and can offer even more benefits in the right jurisdiction. Collaborate with us today to help your clients take advantage of the many benefits of establishing a personal trust in Delaware with an experienced fiduciary.

The Delaware and Wilmington Trust advantage

Headquartered in Delaware, a state widely recognized for its sophisticated court system, Wilmington Trust Company has extensive knowledge of the state's favorable laws for personal trusts and business entities.
  • Keeping Delaware at the forefront of trust law

    We've helped shape the latest trust-related legislation in Delaware, setting the standard for many other states.
  • Experienced Delaware trust professionals

    Our experienced professionals include some of the foremost authorities on Delaware trust law and strive to stay on the cutting edge of new tax laws and planning techniques.
  • Understanding complexity

    We specialize in finding solutions to unique and complex financial situations. Delaware trusts can play a key role in protecting, transferring, and growing wealth.

Tax reform and SALT opportunities

Under the new tax law, income tax mitigation may be more important than ever now that the ability to utilize State and Local Tax (SALT) deductions has been significantly reduced and capped at $10,000 per year. Learn how we can help your clients take advantage of other state jurisdictions to reduce or mitigate their current (or future) state and local income taxation (especially for those in high income tax states).

    DING trusts

    Individuals in high income tax states may consider establishing and funding Delaware Incomplete Non-Grantor (DING) trusts. The Grantor of a DING trust retains ownership of the assets for gift tax purposes while the trust owns the asset for income tax purposes. The DING trust allows the individual taxpayer to shift the income out of his or her home state into a state such as Delaware where the trust may not pay a state income tax.

    Designating a corporate successor trustee

    Some trusts are best administered by an individual during his or her lifetime, such as a revocable living trust or ILIT. However, appointing a corporate successor trustee in a tax friendly jurisdiction— such as Delaware—can offer professional management of the trust assets at the same time state taxes may be eliminated.

Talk to one of our Wilmington Trust Company professionals to find out how a Delaware trust can benefit your clients.

Wilmington Trust Company operates offices in Delaware only.
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.

Jeff Wolken
Jeff Wolken
National Director of Fiduciary Strategies
Richard W. Nenno, Esq.
Dick Nenno
Senior Trust Counsel and Managing Director
Kevin Jacobs
Kevin Jacobs
Vice President & Senior Private Client Advisor
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The Delaware Tax Trap
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Wilmington Trust is a registered service mark, used in connection with various fiduciary and non-fiduciary services, including trustee, custodial, agency, investment management, and other services, offered to trust, individual, and institutional clients by certain subsidiaries and affiliates of Wilmington Trust Corporation. Such subsidiaries and affiliates include, but are not limited to, Manufacturers & Traders Trust Company (M&T Bank), Wilmington Trust Company (operating in Delaware only), Wilmington Trust, N.A., Wilmington Trust Investment Advisors, Inc. (WTIA), Wilmington Funds Management Corporation (WFMC), and Wilmington Trust Investment Management, LLC (WTIM). Wilmington Trust Corporation is a wholly-owned subsidiary of M&T Bank Corporation.

International corporate and institutional services are offered through Wilmington Trust Corporation's international affiliates.

Loans, credit cards, retail and business deposits, and other business and personal banking services and products are offered by M&T Bank, member FDIC.

WTIA, WFMC, and WTIM are investment advisers registered with the Securities and Exchange Commission (SEC). Registration with the SEC does not imply any level of skill or training. Additional Information about WTIA, WFMC, and WTIM is also available on the SEC's website at adviserinfo.sec.gov.

Brokerage services and insurance products are offered by M&T Securities, Inc. (member FINRA/SIPC), not by M&T Bank, Wilmington Trust Company, or Wilmington Trust, N.A.

Private Banking is the marketing name for an offering of M&T Bank deposit and loan products and services.

M&T Bank, Member FDIC and Equal Housing Lender NMLS #381076 Equal Housing Lender

 Investment and Insurance Products
  • Are NOT Deposits  • Are NOT FDIC Insured  • Are NOT Insured By Any Federal Government Agency  • Have NO Bank Guarantee  • May Go Down In Value