Wealth Management Services
Personal Trusts in Delaware
Trusts can be important planning vehicles, and can offer even more benefits in the right jurisdiction. Learn about the benefits of establishing a personal trust in Delaware, a state well-known for its beneficial trust legislation.
The Delaware advantage
Delaware law offers numerous advantages to consider for your trust, regardless of the state in which you reside. For generations, our experienced trust professionals have helped individuals and families take advantage of Delaware's favorable environment for trusts.
Features of Delaware trusts include:
- Asset protection: Helps protect your assets from creditors or in the event of divorce
- Directed trust feature: Can be funded with unique, complex assets that are difficult to manage while allowing you to retain the services of a trusted investment advisor
- Dynasty trust: May be beneficial for multigenerational planning as this trust allows for the duration of the trust to last in perpetuity
The Wilmington Trust advantage for Delaware trusts
Headquartered in Delaware, a state widely recognized for its well-thought-out body of trust laws, Wilmington Trust Company has extensive knowledge of the state's favorable tax laws for personal trusts and business entities.
- Experience in helping keep Delaware at the forefront of trust law
Our team includes seasoned trust industry professionals, some of whom have collaborated with specialists in the financial and legal communities to help create valuable estate planning and trust legislation in Delaware. - Understanding complexity
We specialize in finding solutions to unique and complex financial situations. Delaware trusts can help play a key role in protecting, transferring, and growing wealth.
Important information to consider:
Many types of Delaware trusts are irrevocable, meaning they cannot be altered or changed once they are established, and there may be costs associated with administering the trust.
Talk to one of our Wilmington Trust Company professionals to find out how a Delaware trust can help you pursue your wealth transfer objectives.
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.
Contact one of our team members
Jeff Wolken
National Director, Delaware Trust Planning