Legislative Update: Trust Act 2015
On August 7, 2015, House Bill 164, known as the Trust Act (the “Act”), was signed into law by Governor Jack Markell. The Act codified several clarifications and additions to the existing Delaware Code.
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.