Foundations of Delaware Trusts
Learn the Foundational Elements of Trust Management and Administration!
Reading and Interpreting a Trust Document
The Louisiana Bankers Association is partnering with Delaware Bankers Association to provide trust related online, self-paced programs.
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Please note: While originally produced in Delaware, the content is foundational and applicable to most Trust Management/Admin. situations
A focus on key trust document provisions such as Crummey powers, dispositive provisions, investment limitations, duty to notify provisions, etc.
1 hr. 33 mins.
Daniel Hayward, Esq., Director, Gordon, Fournaris & Mammarella, P.A. and David Diamond, Esq., President, The Northern Trust Company of Delaware
Basic Income, Estate, Gift and GST Tax
An introduction to the basic concepts and things to look for with specific types of trust, including grantor trust status, dynastic trusts, and funding concerns.
1 hr. 11 mins.
: Matthew P. D’Emilio, Esq., Director, Cooch & Taylor, P.A. and Jenna L. Boccetti, Vice President, JPMorgan Trust Company of Delaware
A discussion on fiduciary duties and how to interpret the various types of discretionary trust provisions.
1 hr. 37 mins.
Cynthia D.M. Brown, President, Commonwealth Trust Company and Todd A. Flubacher, Esq., Partner, Morris, Nichols, Arsht & Tunnell LLP
Division of Labor in Trust Administration
A practical session on who does what and why in the administration of a Delaware trust.
1 hr. 15 mins.
Anne Schumeyer, CTFA and Lynn Welch Watson, CFP, EA, Vice President, Sr. Trust Officer, Brown Brothers Harriman Trust Co. of DE
Bank Secrecy Act and PATRIOT Act Best Practices
What do you have to know about your client and their assets before entering into a relationship?
1 hr. 22 min.
Mark V. Purpura, Esq., Director, Richards Layton & Finger, PA; Matthew Rosin, Esq., Vice President - Legal Affairs, Commonwealth Trust Company; Jamie McGinley, Vice President - Trust Administration, Commonwealth Trust Company
Due Diligence in the On-Boarding of New Accounts
An overview of the compliance process. What is involved in on-boarding new clients?
1 hr. 25 min.
Anne Schumeyer, CTFA and Maria Iversen, SVP, The Northern Trust Company of Delaware
How to Properly Administer Directed Trusts
An overview of the do's and don'ts of administering directed trusts; including a discussion about sufficient due diligence, direction letters, and quarterbacking the trust administration process. Why are directed trusts often more work despite the reduced responsibilities and why do referral sources often misunderstand this?
1 hr. 29 min.
Cynthia D.M. Brown, President, Commonwealth Trust Company and Scott E. Swenson, Partner, Connolly Gallagher LLP
Income and Gift Tax Planning
A discussion of the specialized types of trusts utilized in Delaware planning including dynasty trusts, APTs, DINGs, BDITs, etc. This will include a discussion about the process of determining how and when each type of trust makes sense for your client.
1 hr. 23 min.
: Daniel Hayward, Director, Gordon, Fournaris & Mammarella, P.A. and Todd A. Flubacher, Partner, Morris, Nichols, Arsht & Tunnell LLP
Marketing Delaware: An Overview of Delaware and its Competition
An overview of the laws of the various states currently competing with Delaware in the trust business. This course is meant to provide trust officers with basic talking points regarding why, with an increased number of states developing similar laws, Delaware is and remains the preferred trust jurisdiction. The discussions will include an analysis of the differences between Delaware and states like Alaska, Nevada, South Dakota, Tennessee, as well as other emerging trust jurisdictions.
Course Length: 1 hr. 27 min.
Instructors: David Diamond, President, The Northern Trust Company of Delaware and Thomas M. Forrest, President & CEO, U.S. Trust Company of Delaware