Delaware Trust Advantages for Business Owners
Join Wilmington Trust's Jeffrey Wolken, Group Vice President and National Director of Fiduciary Startegies, and Alvina Lo, Chief Wealth Strategist, along with Barbara Spector, Editor-in-Chief and Associate Publisher of Family Business Magazine, as they discuss the key advantages of establishing a trust in Delaware.
Delaware Trust Advantages for Business Owners
Retain control, protection and privacy for your most important asset
Thursday, October 10, 2019
2 p.m. ET | 11 a.m. PT
60 minutes
Business owners face special challenges in structuring estate plans because of their unique need for control, flexibility, asset protection and confidentiality. Income tax minimization is another common goal for business owners. A personal trust is an important tool for addressing these challenges, and Delaware is an excellent place to administer such a trust because of its favorable laws, even if neither the business nor the business owner resides in Delaware.
This webinar will focus on 5 key concepts:
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Fundamentals of personal trusts and why they are a valuable estate planning tool.
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Flexibility with directed trusts: The directed trust feature of Delaware law allows a trusted adviser or family member to retain control over a trustee's investment or distribution decisions so the adviser can do what is best for the family/beneficiaries.
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Asset protection using trusts: Delaware law provides significant protection from creditors for assets held in trust, both in an irrevocable trust for future generations an in a trust properly structured and administered as a domestic asset protection trust for the business owners' own assets.
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Control over information passing to beneficiaries: Delaware law sanctions quiet trusts, allowing a family to customize when an how beneficiaries receive information regarding the assets that are held in trust.
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Tax minimization: Trusts may be used to effectively export the accumulation of income into a tax-friendly jurisdiction, like Delaware, to minimize the tax burden in the business owner's home state. In addition, structuring an appropriate trust prior to the sale of a business may have a significant impact on the overall tax burden related to the sale.
Join Wilmington Trust's Jeffrey Wolken, Group Vice President and National Director of Fiduciary Startegies, and Alvina Lo, Chief Wealth Strategist, along with Barbara Spector, Editor-in-Chief and Associate Publisher of Family Business Magazine, as they discuss the key advantages of establishing a trust in Delaware.
Speakers

Jeffrey Wolken
Group Vice President & National Director of Fiduciary Strategies, Wilmington Trust

Alvina Lo
Chief Wealth Strategist, Wilmington Trust

Barbara Spector
Editor-in-Chief, Associate Publisher, Family Business Magazine
Barbara Spector, who grew up in a family business, has served on the editorial staff of Family Business since 2000. She has been editor-in-chief since 2004 and became associate publisher in 2011. She has compiled and edited seven volumes of the acclaimed Family Business Handbook series. Previously, she was the managing editor of Jewelers' Circular Keystone, a trade magazine for the jewelry industry, which is primarily composed of family businesses. She is a magna cum laude graduate of the University of Pennsylvania.
Benefits
- Completely FREE to attend
- Opportunity for questions and feedback
- Unbiased third-party family business education
- All participants receive a copy of the webinar materials after the event.
- All participants receive Family Business Magazine weekly newsletter, with news, tips and trends that impact your family business. You may, of course, opt out at any time.
- 60 minutes -- maximum value for time