A strategy for greater asset protection, tax savings and privacy

Spotlight on Finance

— Delaware’s premier status for wealth management is based on the state’s long history of financial sophistication and discretion when it comes to trusts. Personal trusts can be structured to shield assets from creditors, trust court filings are generally not required and proceedings can be confidential.

The Delaware Court of Chancery is uniquely focused on commercial and fiduciary law and is one of the most highly developed and reputable judiciaries in the United States. The state tax trust structure provides significant benefits as well: Assets held in Delaware irrevocable trusts with out-of-state beneficiaries are not subject to income taxes in Delaware — or possibly anywhere else, depending on the individual’s state of residence. It is not necessary to live in or even to visit Delaware to benefit from its superior trust laws.

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