Limited Purpose Trust Company

As a wealth management professional, you’ve likely heard of the multiple benefits afforded trust owners and beneficiaries under Delaware law. Among the key benefits are:

• Tax deferral/ minimization
• Asset protection
• Absence of a rule against perpetuities
• Investment flexibility

These benefits have led many wealthy individuals and families to form trusts in the State of Delaware where they are administered by in-state corporate trustees licensed by the Office of the State Bank Commissioner. Perhaps you’ve had the unfortunate experience of losing potential new business because your organization lacks Delaware trust powers or, worse yet, you’ve seen one or more of your largest clients transfer their assets to a Delaware trustee in order to avail themselves of the aforementioned benefits. Did you know that your organization can offer your clients and prospective clients the benefits of Delaware trust law through the formation of a Limited Purpose Trust Company in the State of Delaware? The attorneys at The Stewart Law Firm can provide you with the information you need to thoroughly analyze this unique opportunity and if appropriate, guide you through the licensing process and provide on-going support in order to ensure your compliance with state regulations.