Why is Everyone Talking About Delaware Trusts? (2016)

The purpose of this outline to explain why so many institutional trustees and family offices have moved trust operations to Delaware and why so many trust attorneys are working with their wealthy clients to change the situs of existing trusts to Delaware. The explanation may lead many to work on trust legislation in their own states. The explanation will also demonstrate that it is not necessary for wealthy trustors to abandon their relationships with local advisers and trust attorneys to avail themselves of the many advantages of Delaware Trust law.

Topics include Delaware statutory provisions, trustee protections and other instruments under Delaware trust law, as well as exporting favorable Delaware trust laws to other states. Also discussed is Delaware's new (2016) premortem will validation statute

Author(s)

Mike Gordon
Director
Gordon, Fournaris & Mammarella, P.A.
Peter S. Gordon, J.D., LL.M.
Director
Gordon, Fournaris & Mammarella, P.A.