Why Choose Delaware for Your Trust
If you are seeking to create a long-term trust relationship for your family,
learning about the advantages of Delaware can help you choose the right jurisdiction for you.
Benefits of Delaware for your trust
When you’re creating a trust for the benefit of yourself or your family members, choosing the state law that will govern it has many implications and potential benefits for you and your beneficiaries. Delaware has long been the state law of choice for grantors. So, what makes Delaware law so special, and how can it benefit you and your family?
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Benefits of a Delaware trust for your business
Trusts can offer broad flexibility for structuring and managing assets. If you’re considering transferring your interest in a privately held business to a trust, you’ll need to decide where to establish that trust. Delaware is often considered an ideal choice for the governing law of a trust that owns an interest in a privately held business. There are three primary reasons that Delaware may be your trust’s ideal governing law.
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Benefits of Delaware over other states
Delaware has been at the forefront of trust law since the beginning of the twentieth century. Many states, including Alaska, Nevada, and South Dakota, have followed in Delaware’s footsteps to create flexible and useful environments for trust grantors. Still,the original value proposition created by Delaware offers three distinct advantages over states that have followed suit.
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Additional resources
Please see additional resources on this topic, or contact a CIBC Private Wealth advisor for more information.