Delaware Directed Trustees: An Advisor’s Perfect Complement
With over 90 years of experience in Delaware trust administration, Commonwealth has earned a reputation for our flexibility in resolving complex directed trust issues. Our team of trust experts collaborates closely with our client’s trusted advisors, building strong partnerships so we can preserve family legacies — together.
Advantages of Directed Trusts for Asset Management
Directed trusts are a way to retain greater control and flexibility over a trust and its assets. The responsibilities of managing the trust are divided between the directed trustee, who administers the trust, and the trust advisor, who manages the assets and distributions. As directed trustee, Commonwealth partners with a client’s attorneys, accountants, and financial planners so everyone can focus on their area of expertise.
The Benefits of Directed Trusts:
- Flexible options for clients with established advisor relationships
- Greater control over your trust
- Rely on our administrative expertise
- Keep all parties accountable through the division of responsibility
- Leverage the Delaware advantage
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The Commonwealth Advantage
We are in the business of building relationships with our clients and their advisors. We do not sell, nor are we looking to sell proprietary products. We are compensated through our annual fees. Our team works with advisors and brokers from all over the world because of our independence, and we plan to keep it that way. We flourish because of the high-quality services we provide with an independent and impartial attitude. At Commonwealth, we look to complement, not to compete.
Directed trusts with a flexible approach
We are solution-oriented experts. Every situation is unique, but no need is unprecedented. We administer directed trusts that are designed to benefit our clients through maximizing both flexibility and the expertise of each of their advisors.
Experts in leveraging the Delaware advantage
As Delaware’s premier independent trust company, our team of industry leaders leverages their expertise and knowledge of Delaware statutes to find answers when other firms simply say no.
Personal & proactive trust administration
At Commonwealth, our clients always have a familiar face who knows them. Our personal approach is designed to allow us to provide our clients with thoughtful guidance to best benefit their family’s needs and respect the trust planning.
Building legacies, together
We are an advisor’s perfect complement. Our tenured team will focus on the legal, administrative, accounting and tax aspects of the trust’s administration, allowing our client’s other advisors to remain focused on their areas of expertise and help preserve the family legacy, together.
Why Choose Delaware?
Delaware is widely considered to be the best jurisdiction for a directed trust. The state has favorable trust laws and has a well-developed legal framework for trusts and significant tax advantages.
- As a court of equity, Delaware’s Court of Chancery rules on what is fair and reasonable, specializing in fiduciary matters rather than ruling by the letter of the law
- Reduced tax burdens, particularly when the beneficiaries do not reside in Delaware
- Progressive state legislation who are focused on maintaining the value of Delaware trust law
- Bifurcation of trust duties helps to ensure better trust management and administration, leveraging the specific expertise of a team of advisors
Let's work together.
(302) 658-7214
29 Bancroft Mills Rd. Wilmington, DE 19806
© 2023 Commonwealth Trust
Our team of dedicated professionals has the combined experience to serve your trust administration needs.