Wilmington Trust Company is a global leader in trust services, with a long history of expertise in managing complex wealth and estate planning needs.
With over $70 billion in assets under administration, Wilmington Trust has built a reputation for delivering personalized service and tailored solutions to high net worth individuals and families.
Their trust company trustee services are designed to provide peace of mind and protect assets for generations to come.
Wilmington Trust's global presence, with offices in key financial centers around the world, allows them to serve clients with international assets and complex financial needs.
Wilmington Trust Company's Fiduciary Expertise
Wilmington Trust has a Chief Fiduciary Officer & Business Risk Officer who oversees fiduciary matters.
Their team has the skill you need to exercise fiduciary oversight on complex trust matters.
Wilmington Trust is accustomed to managing generations of family wealth.
They work to ensure each trust is administered in accordance with its specific provisions and that the trust's terms are carried out as its creator intended.
To fulfill their duties, they seek to demonstrate impartiality, integrity, fairness, and sensitivity to the needs of the beneficiaries they serve.
Here are some key duties they have to beneficiaries:
- Impartiality, integrity, fairness, and sensitivity to the beneficiary's needs
- Establish open channels of communication
- Distribute income and principal on a timely basis
- Exercise discretion appropriately and professionally
Additionally, Wilmington Trust assumes legal responsibility for properly carrying out the terms of the trust and seeks specialized legal, tax, and accounting advice when needed for complex matters.
Global Presence and Leadership
Wilmington Trust has served on some of the highest profile transactions in recent history.
Our global reach allows us to provide personalized service to our clients, who benefit from teams of highly skilled and experienced professionals.
We offer trustee, agency, and investment solutions for our institutional clients in a customized and fully integrated manner.
As a neutral and impartial trustee or agent, we're positioned to act in the best interest of our clients, free from conflicts of interest.
Our experienced teams are well positioned to deliver creative and collaborative solutions for your transaction.
Frequently Asked Questions
What is the difference between a trustee and a trust company?
A trustee is an individual or organization responsible for managing a trust, while a trust company is a specialized entity that can serve as a trustee when no individual is available or suitable. A trust company can provide professional trust management and administration.
Is Wilmington Trust still in business?
Yes, Wilmington Trust is still an active institution, providing international corporate and institutional services, investment management, and private banking. It remains one of the top 10 largest American institutions by fiduciary assets.
What is the minimum amount for a Wilmington Trust account?
To open a Wilmington Trust account, you'll need a minimum of $1,000, except for Service Shares which has no minimum. If you don't choose a share class, Class A will be selected for you automatically.
Sources
- https://www.morrisjames.com/p/102jh1h/petition-denied-to-remove-wilmington-trust-as-the-trustee-of-du-pont-family-trust/
- https://www.wilmingtontrust.com/wealth-advisory/trust-estate-services/fiduciary-oversight
- https://www.wilmingtontrust.com/corporate-institutional/corporate-trust-services-overview
- https://www.lawinsider.com/dictionary/wilmington-trust-company-wtc
- https://law.justia.com/cases/delaware/supreme-court/1989/559-a-2d-1289-5.html
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