2022 Delaware Trust Conference

October 24, 2022

Commonwealth Trust Company has been a long-time supporter of the Delaware Bankers Association and is proud to have, once again, been a Silver Sponsor of the seventeenth annual Delaware Trust Conference.

Commonwealth Trust Company President, Cynthia D.M. Brown, co presented “The Modern Directed Trusts: Wait, You Are Directing Me to Do What?” on October 18th. The panel covered:

  • Non-traditional investment considerations such as valuation, standing direction letters, regulatory protocols, and entity management
  • Distribution and beneficiary issues including expectations for forms of communication, trustee participation on committees, and delayed notice concerns
  • Silent trust concerns and designated representatives
  • Alternate uses of directed trusts
  • Third party direction concerns – when should the third party be acting in a personal v. fiduciary capacity to be most effective?

Commonwealth Trust Company is pleased to provide this article as a guide. Commonwealth Trust Company is not engaged in the practice of law and is not providing legal advice by the provision of these materials. Commonwealth Trust Company recommends that clients seek the opinion of their attorney regarding the specific legal and tax issues addressed in this article.