Christiana Bank & Trust Company provides fiduciary services under arrangements to take advantage of the Delaware Qualified Dispositions in Trust Act.
The Act allows an individual to establish an irrevocable Delaware or Nevada trust which creditors should not be able to reach but from which the settlor may still benefit.
Trusts established under the Act have been used in strategies that include:
- asset protection without the problems of an offshore arrangement
- gifts for estate planning purposes
Christiana Bank & Trust Company:
- is authorized to act as a trustee under the laws of Delaware and whose activities are supervised by the Delaware Bank Commissioner and the FDIC
- maintains custody of trust assets and records of trust activity in Delaware
- will administer provisions of the trust at its Greenville, Delaware location
