Benefits of a Delaware Trust: A Valuable Vehicle for Business Owners and Their Families
Join Glenmede’s Linda Manfredonia, Delaware Regional Director and President and CEO of The Glenmede Trust Company of Delaware, and John McCabe, Chief Fiduciary Counsel, along with David Shaw, Publishing Director, Family Business Magazine, for a discussion of how business owners and their families might benefit from a Delaware trust.
Tuesday, July 22, 2021
2 PM ET | 11 AM PT
Trusts are highly effective vehicles for the transfer of wealth and can help business owners and their families meet estate planning and tax-minimization goals. Choosing the right state to establish a family’s trust can have a significant impact on the ongoing management of the trust and the tax savings that may be achieved over time. With its favorable trust and tax laws, Delaware offers a high degree of customization and flexibility in the design and administration of a trust.
In this webinar, you will learn about:
- The different types of Delaware trust structures and their unique benefits
- Protecting assets using trusts: Delaware offers strong statutory protection for assets held in trust.
- How Delaware trusts can be used to help minimize tax obligations.
Wilmington Regional Director, Glenmede
Linda R. Manfredonia is Regional Director of Glenmede’s Wilmington office and President and CEO of The Glenmede Trust Company of Delaware. She is responsible for leading the business, client satisfaction and advancing the growth strategy for the region and for The Glenmede Trust Company of Delaware. In addition, she is a member of Glenmede’s Private Wealth leadership team and the Private Wealth Operating Committee.
Prior to joining Glenmede, Ms. Manfredonia devoted 30 years of service to PNC, where she developed her fiduciary expertise, executive leadership skills and passion for serving clients. During her tenure, she held key leadership positions, including Chief Fiduciary Officer, Chief Risk Officer and Chief Administrative Officer for the bank’s Asset Management Group; Regional Managing Director for the Greater Philadelphia area; and Chief Administrative Officer for Hawthorn, PNC Family Wealth. Prior to that, she led fiduciary, administrative and operating functions for the group.
Ms. Manfredonia earned a Juris Doctor degree and a Master of Laws degree in Taxation from Temple University. She received a Bachelor of Arts degree in political science from La Salle University.
Ms. Manfredonia serves as a Board Member of Women’s Way, LaSalle University President’s Advisory Council and Philadelphia Consortium of Special Collections Library (PACSL). She is a past Board Member for the Center of Literacy, the Mural Arts Program, the Abington Hospital Foundation and the Abington/Jefferson Hospital. Also, she is a member of several industry groups and has presented or lectured at various industry organizations, including the American Bankers Association, the Pennsylvania Bankers Association, Fiduciary and Investment Risk Management Association (FIRMA) and the Forum of Executive Women.
Chief Fiduciary Counsel, Glenmede
John McCabe is Glenmede’s Chief Fiduciary Counsel. In this role, Mr. McCabe serves as Glenmede’s senior internal legal advisor on all trust, estate, and fiduciary matters.
Mr. McCabe joined Glenmede in 2014 as a Relationship Manager and Wealth Advisor. Prior to joining Glenmede, he served as managing director and senior trust officer for First Republic Trust Company of Delaware. Prior to that, he managed fiduciary relationships and worked with clients and their advisors in his role as vice president and senior trust officer at Goldman Sachs. He began his career as an attorney in private practice in Philadelphia, Pennsylvania.
Mr. McCabe is a member of the state bar of Pennsylvania and the Philadelphia Estate Planning Council. He has written a number of articles on the topic of trust & estate planning and administration for various publications, including Trusts & Estates and Delaware Banker.
He received his J.D. and LL.M. in taxation from Villanova University School of Law and his B.A. from the University of Delaware. He is a member of the board of directors of Support Center for Child Advocates, a pro bono legal services agency based in Philadelphia.
Publishing Director, Family Business Magazine