CIBC Private Wealth Management Blog
Kent Nossaman
Wealth Strategies

Taking Advantage of Delaware’s Laws on Directed Trusts

J. Kent Nossaman
March 08, 2017

Delaware has had some significant firsts. For instance, it was the first state to ratify the U.S. Constitution 1 and was one of the first and only states not to impose sales tax 2 . But the firsts didn’t stop there. In 1986, Delaware was the first state to enact a directed trusts decree 3 . The statute authorizes trustees to take investment direction from investment advisers as defined and...