Trust Act 2013: Legislative Updates to the Delaware Code

On August 6, 2013, Governor Jack Markell signed into law the Trust Act of 2013. The Trust Act of 2013 made numerous changes to Title 12 of the Delaware Code, many of which are simply clarifications or codifications of existing Delaware law and only a few of which represent substantive changes or additions.

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.