2020 Delaware Trust Conference
Live: October 19th & 20th On-Demand: Through November 30th Program Book Delaware Financial Education Alliance 2020 Delaware Trust Conference
Executive Committee Chair: Todd A. Flubacher, Partner, Morris Nichols Arsht & Tunnell LLP Co-Chair: George W. Kern, Esq., Managing Director, Bessemer Trust Company of Delaware, N.A. Past Chair: Mark A. Oller, CTFA, President - Family Wealth Delaware, Wilmington Trust Company Past Chair: Thomas M. Forrest, CPA, President & CEO, U.S. Trust Company of Delaware Past Chair: Cynthia D.M. Brown, Esq., President, Commonwealth Trust Company - Trust Committee Chair
Committee At-Large Lisa K. Berry, Managing Director, PGB Trust & Investments of Delaware Bridget Boyd, MBA, CTFA, SVP & Senior Trust Officer, Citi Trust Delaware Anne Booth Brockett, Vice President, BMO Delaware Trust Company Timothy Carroll, Esq., COO, New York Private Trust Jennifer A. Cuva, Sr. Manager, Trust Administration, Charles Schwab Trust Company of Delaware Matthew P. D’Emilio, Esq., Director, McCollom D’Emilio Smith Uebler LLC William Dugdale, Senior Advisor, Brown Advisory Robert W. Eaddy, President & CEO, The Bryn Mawr Trust Company of Delaware Paul Y. Emata, CFA, CFP, Managing Director, Wealth Manager, First Republic Investment Management Adam C. Gerber, Vice President and Senior Relationship Strategist, Hawthorn, PNC Family Wealth Trisha W. Hall, Partner, Connolly Gallagher LLP Todd B. Hammond, CTFA, TEP, Assistant Vice President, Personal Trust Business Development Officer, WSFS Wealth - Christiana Trust Alexander J. Lyden-Horn, J.D., LL.M., Vice President, Trust Counsel and Director of Personal Trust, WSFS Wealth - Christiana Trust Daniel F. Hayward, Esq., Director, Gordon, Fournaris & Mammarella, P.A. Francis J. Hazeldine, CTFA, AEP ®, Managing Director, Personal Trust Administration and Tax, Charles Schwab Trust Company Gregg Homan, JD, Senior Vice President, National Sales Executive, Arden Trust Company Elizabeth King, Senior Vice President, President of Brown Brothers Harriman Trust Company of Delaware, N.A. Elizabeth M. Luk, Director, Head of Delaware Trust, BNY Mellon Wealth Management Jamie McGinley, Vice President, Trust Administration, Commonwealth Trust Company Darlene M. Marchesani, J.D., LL.M., Chief Trust Officer & Trust Counsel, Evercore Trust Co., N.A. Mark V. Purpura, Esq., Director, Richards, Layton & Finger, P.A. Isabel A. Pryor, CEO & Director, Key National Trust Company of Delaware Jordon Rosen, CPA, AEP®, Director – Estates & Trusts, Belfint Lyons & Shuman, P.A. Nicole M. St. Amand, CTFA, Assistant Vice President, Wilmington Trust Company Vincent C. Thomas, Esq., Partner, Young Conaway Stargatt & Taylor, LLP Kalimah Z. White, Vice President, TD Bank Jill Williams, Vice President, The Northern Trust Company of Delaware Kevin A. Worsh, Senior Wealth Director, BNY Mellon Wealth Management
The Delaware Bankers Association (DBA) is a not-for-profit, private trade association comprised of national and state chartered banks, non-deposit trust companies and savings banks that have assets in or are authorized to accept deposits in Delaware. The DBA also serves associate members that do business with its financial institution members. Delaware’s business friendly environment, along with its progressive laws and chancery court system, make it a national leader in the banking and trust industries with some of the country’s largest financial institutions having operations in the State. Delaware Bankers Association For more information on how DBA membership can benefit your organization, please visit www.debankers.com and Financial Education click on the “membership” tab. Alliance S The Delaware Financial Education Alliance (DFEA) is a 501(c)(3) organization that provides financial literacy education targeted to persons of low- and moderate-income in the State of Delaware through a variety of educational programs designed to promote economic development and stability. The DFEA is also a provider of quality training programs available to employees of member banks in the financial services industry in Delaware.Visit: www.dfea.org. Delaware Financial Education Alliance Day 1 - Monday - October 19th 2020 Delaware Trust Conference Note: All Session Are Available on Demand Through November 30, 2020 for Full Credits! Virtual Exhibition Hall and Networking Rooms - ALWAYS OPEN!
Conference Welcome - Todd A. Flubacher, Partner, Morris, Nichols, Arsht & Tunnell LLP, Conference Chair
9:00 - 10:00 a.m. - Plenary Session 1 (60 minutes) A Delaware Update: Legislation, Cases, and Trends – A look at recent Delaware legislation and cases affecting trusts, and a discussion of contemporary trends spotted in the industry.
w Jocelyn Margolin Borowsky, Partner, Duane Morris LLP w Gregory J. Weinig, Partner, Connolly Gallagher LLP
10:00 - 10:10 a.m. - Break
10:10 - 11:10 a.m. - Plenary Session 2 (60 minutes) Trust Ethics - Ethical Issues in Planning for the Modern Family - In a world where communication is instantaneous, nuclear family and gender definitions are constantly evolving, and drugs once illegal are now in wide and open semi-legal use, estate planning advisors are throttled with new and surprising ethics issues. This presentation will address ethics pitfalls, the importance of cultural awareness and practical methods for establishing boundaries with clients.
w Lauren J. Wolven, Partner, Trust & Estates Group, Levenfeld Pearlstein, LLC
11:10 - 11:20 - Break
11:20 a.m. - 12:20 p.m. - Plenary Session 3 (60 minutes) Perspectives from In-House Trust Counsel - A panel of in-house counsel will share their unique perspectives on trust administration topics, and will be moderated by an experienced Delaware attorney.
w Peter S. Gordon, Director, Gordon, Fournaris & Mammarella, P.A. w Susan Snyder, Trust Counsel and Deputy General Counsel, Northern Trust w Neil Derman, Administrative Vice President with Wilmington Trust w Michael R. Stein, Managing Senior Counsel, PNC Bank, National Association w Aileen C. Denne-Bolton, SVP, Fiduciary Counsel, Office of the General Counsel, Brown Brothers Harriman & Company
- 3 - 12:20 - 2:00 p.m. - Lunch Break - Networking
2:00 - 3:00 p.m. - (60 minutes) Ethics - Ethical Leadership - creating a contemporary organization by enhancing economic inclusion, promoting greater diversity and opening the doors of opportunity for all.
w Dr. Tony Allen, President, Delaware State University
3:00 - 3:10 p.m. - Break
3:10 - 4:10- p.m. - Interactive Split Sessions (60 minutes) (Attend One Live, All Sessions are Available on Demand)
A - Onshore v. Offshore APT - In recent years the “asset protection trust” has become an increasingly common tool for individuals trying to navigate living and working in our litigious society, with approximately twenty states now having followed Delaware’s early lead in enacting such legislation. At the same time, such trusts can also be created in certain foreign jurisdictions that claim the protection to be better offshore. This presentation will compare and contrast the domestic and the foreign variety of such trusts, focusing on the particular client, and circumstance, in which one might be better (or worse) than the other.
w Daniel Rubin, Partner, Moses & Singer LLP
B - Community Property - A discussion about the practical considerations involved when transferring community property to a Delaware trust from the perspectives of attorneys practicing in California and Delaware.
w Trisha W. Hall, Partner, Connolly Gallagher LLP w Colleen Barney, President, Albrecht & Barney
C - “Coming Your Way Soon: Litigation Risks Brewing in Your Jurisdiction” - With modern developments in trust law, investment strategies and trust mobility, new litigation risks may lurk in unexpected places. Practitioners and corporate fiduciaries need to be aware of and prepared for these risks. This program will survey some of these risks and possible outcomes arising from disputes over (1) ESG investing by fiduciaries, (2) changes of trust situs and governing law, (3) quiet trusts and the duty to disclose, (4) flawed implementation of non-judicial trust modification mechanisms and (5) changes in applicable standards of liability and indemnification.”
w W. Donald Sparks, II, Director, Richards, Layton & Finger, P.A. w John McCabe, Chief Fiduciary Counsel, The Glenmede Trust Company, N.A. w Margaret E.W. Sager, Partner, Heckscher Teillon Terrill & Sager, P.C.
4:10 - 4:20 p.m. - Break
- 4 - 4:20 - 5:50 p.m. - Plenary Session 4 (90 minutes) The Life Changing Magic of Grantor Trusts - The income tax rules governing grantor trusts, the centerpiece of most estate plans, have been around for over 65 years, and yet there are still very basic questions for which there are no answers. This session asks and answers those questions, including the best powers for creating grantor trusts, the ability to “toggle” grantor trust status, and situations for exercising a power to substitute assets.
w Samuel A. Donaldson, Professor of Law, Georgia State University
Day 2 - Tuesday - October 20th
Virtual Exhibition Hall and Networking Rooms - ALWAYS OPEN!
9:00 - 10:30 a.m. - Session 5 (90 minutes) The Past Year’s Most Significant, Curious, or Downright Fascinating Fiduciary Cases - This session will review recent cases from across the country to assist fiduciaries and their advisors in identifying and managing contemporary challenges.
w Dana G. Fitzsimons, Jr., Principal, Senior Fiduciary Counsel, Bessemer Trust
10:30 - 10:40 a.m. - Break
10:40 a.m. - 12:10 p.m. - Session 6 (90 minutes) Wealth Planning for a Brave New World: It’s All In the Family...What’s a Family? The structure of the American family has changed dramatically in the last few decades, presenting creative opportunities to develop estate plans and design trusts that will best serve the needs of contemporary families. This presentation will examine generational attributes, the changes in marriage and family structure, and their implications for estate planning, trust design, and family collaboration and decision making.
w R. Hugh Magill, Vice Chairman, The Northern Trust Company
12:10 - 2:00 p.m. - Lunch Break - Networking
2:00 - 3:30 p.m. Interactive Split Sessions (90 minutes) (Attend One Live, All Sessions are Available on Demand)
A - Industry Insights on Discretionary Distributions: A candid conversation with trust professionals about the differing perspectives on discretionary distributions considering the corporate risk frameworks, regulatory environment, and exercise of fiduciary duty.
w Cynthia D.M. Brown, President, Commonwealth Trust Company w Francis Hazeldine, Managing Director Trust Administration and Tax, Charles Schwab Trust Company of Delaware
- 5 - B -International Planning – Case Studies: A review of international client scenarios, including a discussion of how they ultimately led to the planning structures and jurisdictions selected.
w Tama Brooks Klosek, Managing Member, Klosek & Associates PLLC w Natalia Murphy, Head of Trust and Wealth Planning for North America, Citi
C - Best Practices Administering Trusts with Special Assets - Delaware law offers substantial investment flexibility with establishing directed trusts that allow corporate trustees to feel comfortable holding special assets. However, with this great power comes many unique challenges. This discussion will suggest best practices and regulatory requirements for onboarding, review and administration of trusts with special assets.
w Phoebe Papageorgiou, American Bankers Association w Mark Doyle, Principal, Fiduciary Counsel, Bessemer Trust Company of Delaware, N.A. w Matthew P. D’Emilio, Managing Member, McCollom D’Emilio Smith Uebler LLC
3:30 - 3:40 p.m. - Break
3:40 - 4:40 p.m. - Plenary Session 7 (60 minutes) - Group Live
International assets and beneficiaries: a Delaware trustee’s need-to-know - This session will examine some of the core concepts that Delaware trustees need to consider when dealing with international issues, such as assets or beneficiaries based overseas. The session will consider tax, reporting and succession law issues across different jurisdictions, and how these then relate back to the duties and obligations of trustees in Delaware.
w Lisa M. Whitcomb, Managing Director, Director of Wealth Strategy, The Glenmede Trust Company, N.A. w Chris Moorcroft, Partner, Harbottle & Lewis LLP w Peter Rosenberg, Partner - Head of Family Office, US, Stonehage Fleming Law, LLC
4:40 - 5:40 p.m. - Plenary Session 8 - (60 minutes) - Group Live
Demystifying Distributable Net Income (DNI) - This session will discuss what DNI is, why it is important, how to calculate DNI, how it is reported on a fiduciary income tax return. In addition, we will review how DNI is allocated among the beneficiaries of an estate or trust under the tier system, the separate share rule, the 65 day rule, how specific bequests are treated and planning opportunities using a Section 643(e) election.
w Jere Doyle, Senior Vice President, BNY Mellon Wealth Management
- 6 - On Demand Sessions - Available through November 30th! On Demand Session 1 (90 minutes) -
Pushing the Envelope: Flexible Trust Laws Seeing More and More Uses - Are modern flexible trust provisions being used in ways not originally envisioned? When are beneficiaries and fiduciaries, and their counsel, seeking to “push the envelope” too far? This presentation will discuss the various ways of modifying trusts, the typical historical uses, tax and fiduciary responsibility implications, and the recent trends for more drastic changes.
w David Diamond, President, The Northern Trust Company of Delaware w Daniel Hayward, Partner, Gordon, Fournaris & Mammarella, P.A.
On Demand Session 2 (90 minutes) -
Designated Representatives: You’ve Been Drafted and Sent To The Front Lines - The panel will discuss the mechanics of Code Sections 3303 and 3339, properly drafting silent trusts, and practical issues for designated representatives, grantors, and other fiduciaries.
w George Kern, Regional Director, Bessemer Trust Company of Delaware w Vincent C. Thomas, Partner, Young Conaway Stargatt & Taylor, LLP
- 7 - Platinum Sponsor
Diamond Sponsors
Gold Sponsors Connolly Gallagher LLP McCollom D’Emilio Smith Uebler LLC Morris, Nichols, Arsht & Tunnell LLP Wilmington Trust
Silver Sponsors BNY Mellon Wealth Management l BMO Delaware Trust Company l Brown Advisory Charles Schwab Trust Company of Delaware l Chilton Trust Commonwealth Trust Company l First State Trust Company New York Private Trust Company, a Delaware Trust Company The Northern Trust Company of Delaware l Pinion Delaware Individual Trustee PNC Delaware Trust Company l Santora CPA Group SunTrust Delaware Trust Company l WSFS Wealth / Christiana Trust
Bronze Sponsors Belfint, Lyons & Shuman, CPAs l Duane Morris LLP Evercore Trust Company, N.A. l K&L Gates LLP Morris James LLP
Exhibitors American Bankers Association Kasasa Pinion Delaware Individual Trustee University of Delaware Lerner Business & Economics Weiner Benefits Group
Presenting Partners Illinois Bankers Association l Kentucky Bankers Association l Maryland Bankers Association Michigan Bankers Association l Nevada Bankers Association New Jersey Bankers Association l North Dakota Bankers Association Ohio Bankers League l Oregon Bankers Association Virginia Bankers Association l Western Bankers Association Delaware Financial Education Alliance 2020 Delaware Trust Conference Platinum Sponsor
An independent and privately held investment and wealth management rm, Glenmede was founded in 1956 to manage the charitable assets of the Pew family—seven individual trusts which serve as the primary funding source for the non-pro t entity The Pew Charitable Trusts. Today Glenmede provides highly customized investment, duciary and advisory services to high-net-worth individuals and families, endowments, foundations and institutional entities, representing $37 billion of assets under management as of 6/30/20.
Dominique DuMouchel Business Development Director Glenmede 20 Montchanin Road, Suite 2000 Wilmington, DE 19807
(T) 302-661-4573 (C) 215-519-0621 www.glenmede.com [email protected] Delaware Financial Education Alliance 2020 Delaware Trust Conference Diamond Sponsor
Gordon, Fournaris & Mammarella, P.A. is a law rm located in Wilmington, Delaware focusing on Trusts and Estate Planning, Fiduciary Litigation, Business Planning and Transactions, Commercial Real Estate, Land Use, Zoning, Corporate and Commercial Litigation and Taxation.
If you require legal advice or legal representation, please contact us.
Michael M. Gordon, Esquire Peter S. Gordon, Esquire Daniel F. Hayward, Esquire Kimberly G. McKinnon, Esquire Norris P. Wright, Esquire
1925 Lovering Avenue Wilmington, DE 19806 (302) 652-2900 www.gfmlaw.com Delaware Financial Education Alliance 2020 Delaware Trust Conference Diamond Sponsor
approaches to Delaware common law and statutory trusts. Our lawyers represent some of the world’s most
Backed by our practical experience and our participation in the evolution of Delaware trust law, we stand ready from Delaware’s sophisticated trust laws.
Our clients count on us to deliver the strategies they need to navigate the evolving legal and regulatory environment and capitalize on Delaware’s unique trust and tax advantages. Backed by our award-winning lawyers, Richards, Layton & Finger has built a proven record of success by delivering exceptional legal advice to our clients.
Mark Purpura Don Sparks Doneene Damon Director Director Director [email protected] [email protected] [email protected] 302.651.7588 302.651.7758 302.651.7526
One Rodney Square | Wilmington, DE | www.rlf.com Delaware Financial Education Alliance 2020 Delaware Trust Conference Diamond Sponsor
Young Conaway Stargatt & Taylor, LLP provides counseling to high net-worth individuals concerning their estate planning and assists with a myriad of sophisticated wealth planning transactions. The rm also advises individual and corporate duciaries concerning the proper administration of estates and trusts, and counsels them concerning the relocation of trusts to Delaware, mergers, decantings, and other modi cations. Our rm’s attorneys le estates and trust actions in the Delaware Court of Chancery, including, trust consent petitions, petitions for instructions, will contests, and other complex matters, involving estates and trusts.
Vincent C. Thomas Partner Young Conaway Stargatt & Taylor, LLP Rodney Square 1000 North King Street Wilmington, DE 19801 P 302.576.3278 F 302.576.3551 [email protected] Delaware Financial Education Alliance Delaware Financial Education Alliance 2020 Delaware Trust Conference 2020 Delaware Trust Conference Diamond Sponsor Gold Sponsor
Connolly Gallagher works with its clients to achieve the best legal, strategic, compliance and tax results, in trusts, business ventures and real estate; advises lay and professional duciaries in the Young Conaway Stargatt & Taylor, LLP provides counseling to high net-worth individuals administration of trusts and estates; and litigates vigorously when necessary to defend its clients. concerning their estate planning and assists with a myriad of sophisticated wealth planning transactions. The rm also advises individual and corporate duciaries concerning the proper Charles J. Durante Gregory J. Weinig administration of estates and trusts, and counsels them concerning the relocation of trusts to (302) 888-6280 (302) 888-6411 Delaware, mergers, decantings, and other modi cations. Our rm’s attorneys le estates and trust [email protected] [email protected] actions in the Delaware Court of Chancery, including, trust consent petitions, petitions for instructions, will contests, and other complex matters, involving estates and trusts. Scott E. Swenson Trisha W. Hall (302) 252-4233 (302) 888-6421 [email protected] [email protected] Vincent C. Thomas Partner Daniel Stanek Young Conaway Stargatt & Taylor, LLP (302) 884-6591 Rodney Square [email protected] 1000 North King Street Wilmington, DE 19801 1201 N. Market Street P 302.576.3278 20th Floor F 302.576.3551 Wilmington, DE 19801 [email protected] www.connollygallagher.com Delaware Financial Education Alliance 2020 Delaware Trust Conference Gold Sponsor
McCollom D’Emilio Smith Uebler LLC is a Delaware law rm focusing on trusts, estates, and tax; business transactions; and litigation. We represent corporate and individual clients in a range of transactional and litigation matters with a commitment to strategic thinking, responsiveness, and e ciency.
Contact: Matthew P. D’Emilio (302) 468-5958 [email protected]
Jennifer E. Smith (302) 468-5968 [email protected]
Little Falls Centre Two 2751 Centerville Road, Suite 401 Wilmington, DE 19808 mdsulaw.com UNMATCHED EXPERIENCE. SOPHISTICATED LEGAL SOLUTIONS.
Morris Nichols Trusts, Estates & Tax. Delaware Trust Counsel • Estate Planning & Administration • Trusts & Estates Litigation
Morris Nichols has had an active practice in the areas of trusts, estate planning, estate administration, tax and non-profits, and fiduciary litigation for over 50 years. Our Trusts, Estates & Tax Group has a national reputation representing settlors, beneficiaries, attorneys, banks, and trust companies in the specialized area of Delaware trust law. We regularly work as Delaware trust counsel with attorneys at AmLaw 200 firms around the world and many of the largest financial institutions who have Delaware trust offices, advising through the process of creating Delaware trusts, migrating trusts to Delaware, and modifying, administering, and terminating trusts. Our attorneys routinely work with clients on matters involving petitioning the Delaware Court of Chancery, decanting, trust mergers, legal opinions, releases, and all areas of trust administration.
TODD A. FLUBACHER THOMAS R. PULSIFER J. ZACHARY HAUPT PARTNER PARTNER ASSOCIATE (302) 351-9374 T (302) 351-9226 T (302) 351-9424 T [email protected] [email protected] [email protected]
1201 North Market Street, 16th Floor, P.O. Box 1347, Wilmington, DE 19899-1347 Delaware Financial Education Alliance 2020 Delaware Trust Conference Gold Sponsor
Wilmington Trust is a premier provider of Wealth Management services for M&T Bank, one of the most nancially sound and successful companies in the U.S. nancial services industry. Through our Wealth Management business, we serve clients in all 50 states and numerous countries with sophisticated planning and wealth transfer strategies, investment management, trust, family engagement, private banking, and family o ce services. For more than a century*, we have built deep and lasting relationships, put our clients rst, and provided innovative advice for complex situations. Our guidance has helped generations of families and businesses thrive, backed by the sound experience of our professionals and a forward-looking mindset.
Mark A. Oller, CTFA President – Family Wealth – Delaware Wilmington Trust Company 1100 N. Market Street Wilmington, DE 19801 Phone: (302) 651-8637 E-mail: [email protected] Delaware Financial Education Alliance Delaware Financial Education Alliance 2020 Delaware Trust Conference 2020 Delaware Trust Conference Gold Sponsor Silver Sponsors
BMO Delaware Trust Company is a wholly-owned subsidiary of BMO Financial Group (“BMO”) and part of BMO Wealth Management, which includes a broad o ering of wealth management products and services with an active presence in markets across Canada, the United States, Europe and Asia.
As part of this o ering, BMO Delaware provides customized Delaware Trustee services for individuals choosing to integrate Delaware planning solutions into their overall wealth plan. Wilmington Trust is a premier provider of Wealth Management services for M&T Bank, one Our expertise in Delaware a ords us a deep knowledge of the nuances and complexities of of the most nancially sound and successful companies in the U.S. nancial services industry. Delaware trust law. BMO’s combined capabilities and expertise enables us to help manage the Through our Wealth Management business, we serve clients in all 50 states and numerous increasing complexity that comes as our clients plan, grow, protect, and transition their wealth. countries with sophisticated planning and wealth transfer strategies, investment management, trust, family engagement, private banking, and family o ce services. For more than a century*, Anne Booth Brockett we have built deep and lasting relationships, put our clients rst, and provided innovative President | Chief Trust O cer advice for complex situations. Our guidance has helped generations of families and businesses BMO Delaware Trust Company thrive, backed by the sound experience of our professionals and a forward-looking mindset. A Part of BMO Financial Group 20 Montchanin Road, Suite 240 | Greenville, DE 19807 Direct| 302.652.4980 Mobile| 302.270.0765 Email: [email protected] Mark A. Oller, CTFA President – Family Wealth – Delaware Wilmington Trust Company 1100 N. Market Street Wilmington, DE 19801 Phone: (302) 651-8637 E-mail: [email protected] Delaware Financial Education Alliance 2020 Delaware Trust Conference Silver Sponsors
For more than two centuries, BNY Mellon Wealth Management has provided services to nancially successful individuals and families, their family o ces and business enterprises, planned giving programs, and endowments and foundations. It has $254 billion in total client assets, as of June 30, 2020, and an extensive network of o ces in the U.S. and internationally. BNY Mellon Wealth Management, which delivers leading wealth advice across investments, banking, custody, and wealth and estate planning, conducts business through various operating subsidiaries of The Bank of New York Mellon Corporation With a dedicated team of wealth managers and duciary specialists in Delaware, BNY Mellon Trust of Delaware provides full corporate trustee and trust administration services that compliment the wealth planning needs of individuals and families. For more information, visit bnymellonwealth.com.
BNY Mellon Wealth Management 4005 Kennett Pike Greenville, DE 19807
Elizabeth Luk Head of Delaware Trust T 302-421-3535 [email protected]
Gregg Landis Senior Director, Team Leader T 302-421-2207 | [email protected]
Kevin A. Worsh Senior Client Strategist T 302-421-2202 | C 302-660-1646 [email protected] Delaware Financial Education Alliance 2020 Delaware Trust Conference Silver Sponsors
Brown Advisory is an independent investment management rm committed to delivering a combination of rst-class performance, strategic advice and the highest level of client service with o ces in Austin, Baltimore, Boston, the Carolinas, Delaware, London, New York, Singapore, Virginia and Washington, D.C. The rm’s institutional and private clients are based in 50 states and more than 39 countries and territories and are served by over 700 colleagues worldwide, all of whom are equity owners of the rm.
Ms. Lizzie Vannote [email protected] www.brownadvisory.com Delaware Financial Education Alliance 2020 Delaware Trust Conference Silver Sponsors
Charles Schwab Trust Company of Delaware provides Administrative Trustee Services to clients of independent Registered Investment Advisors. As Administrative Trustee, Charles Schwab Trust Company of Delaware performs administrative duciary duties while the Registered Investment Advisor retains all investment management responsibilities. For more information regarding our specialized trust solution please contact us today.
Francis Hazeldine Managing Director Tel 302-622-3622 [email protected] Delaware Financial Education Alliance 2020 Delaware Trust Conference Silver Sponsors
Chilton Trust, a private, independent Trust Company, advises and provides wealth management services including duciary services and investment solutions to high net worth individuals, families, and foundations. Currently celebrating its ten-year anniversary, Chilton Trust now operates under a national charter, and in addition to its principal o ce in Palm Beach, FL, includes Chilton Trust Company of Delaware, based in Wilmington, and trust representative o ces in Charlotte, NC, New York, NY and Stamford, CT.
Gina M. Nelson, Senior Vice President – Head of Fiduciary Services [email protected] 561-598-6330
Garrison duP. Lickle, Vice Chairman [email protected] 561-598-6330
Erin Markham, Vice President – Senior Trust O cer [email protected] 302-466-3501
Charlotte, NC | New York, NY | Palm Beach, FL | Stamford, CT | Wilmington, DE
ChiltonTrustCompany.com
Delaware Financial Education Alliance 2020 Delaware Trust Conference Silver Sponsors
Commonwealth Trust Company, founded in 1931, has a long history of working with sophisticated and complex trusts for both domestic and international clients and their Advisors. We are a privately held, non-depository, trust company located in Wilmington, Delaware. Our specialty is o ering client-focused trust administration solutions. We welcome the opportunity to be of service.
Alan Quaintance [email protected] Amy S. Brown, TEP [email protected] 29 Bancroft Mills Road | Wilmington, DE 19806 Phone: 302.658.7214 | Fax: 302.658.721 | web: www.comtrst.com Delaware Financial Education Alliance 2020 Delaware Trust Conference Silver Sponsors
First State Trust Company (“FSTC”) has been providing trust, custody, and administrative services for individuals, families, and institutions for more than 38 years. Formerly known as Citi Institutional Trust Company, our core business model is building strategic partnerships with Financial Advisors across the country, where we provide high-touch service supported by industry leading software – so that the advisor can concentrate on providing investment advice. Our solution is a partnership between the client, the client’s nancial advisors, and our trust administration services team.
Backed by the strength of our a liate, Fi-Tek, LLC, and their industry leading trust accounting platform, TrustPortal, FSTC has the technology, resources, and investment commitment to ensure our clients receive superior services at a competitive price.
Jacqueline Jenkins, CTA Managing Director, Chief Fiduciary O cer 1 Righter Parkway, Suite 120 Wilmington, DE 19803 P: 302-573-5973 F: 866-445-6701 C: 561-253-4437 [email protected] www.fs-trust.com
Jordan Wol , MBA, CTFA Director of Trust Administration 1 Righter Parkway, Suite 120 Wilmington, DE 19803 P: 302-573-5821 jwol @fs-trust.com www.fs-trust.com Delaware Financial Education Alliance 2020 Delaware Trust Conference Silver Sponsors
New York Private Trust Company (NYPTC) is an a liate of Emigrant Bank. Owned by the Milstein family, it is one of the largest privately held banks in the United States. NYPTC provides a broad range of duciary services to individuals and other institutions lacking trust powers throughout the United States and abroad. Its Delaware situs allows an individual to create trusts having perpetual duration, asset protection capability, exibility in nancial planning and investment management and favorable tax treatment. NYPTC possess a wealth of experience dealing with cross-border planning issues.
Richard Parry 200 Bellevue Parkway, Suite 500 Wilmington, DE 19809 (302) 792-3276 [email protected] www.nyptrust.com Delaware Financial Education Alliance 2020 Delaware Trust Conference Silver Sponsors
For over 130 years, Northern Trust has provided the highest level of wealth management services to clients through 70 locations nationally and around the world. In fact, we have frequently been named Best Private Bank by the Financial Times Group. The Northern Trust Company of Delaware, a subsidiary of Northern Trust Corporation, has established a team of experts in Wilmington with the goal of leveraging one of the most tax-advantaged jurisdictions in the United States for the bene t of our clients. We specialize in delivering insightful perspectives and creative thinking to grow, manage and preserve multi-generational wealth for individuals and their families.
David A. Diamond 1313 North Market St., Suite 5300 Wilmington, Delaware 19801. [email protected] 302 428-8711 www.northerntrust.com Delaware Financial Education Alliance 2020 Delaware Trust Conference Silver Sponsors
Theresa L. Hughes, Individual Trustee, in a liation with Santora CPA Group, provides administrative trustee services for personal trust clients.
Visit us at www.piniondelaware.com or reach out to Theresa via email at [email protected] or call her at 302-224-5168. Delaware Financial Education Alliance 2020 Delaware Trust Conference Silver Sponsors
PNC Delaware Trust Company has long served the needs of high-net-worth individuals and families with a wide range of Delaware trust solutions. We provide customized duciary and custody services for trusts administered under particular provisions of Delaware law.
The PNC Delaware Trust Company team provides the experience and resources to deliver solutions that enable individuals and their advisors to navigate the complexity of personal trusts–and to help ensure an exceptional client experience.
Janet Pilling Jolles Senior Vice President and Fiduciary Director PNC Delaware Trust Company PNC Bank, N.A. 222 Delaware Avenue, 15th oor Wilmington, DE 19801 P: 302.429.1630
[email protected] Delaware Financial Education Alliance 2020 Delaware Trust Conference Silver Sponsors
For over 37 years, Santora CPA Group has been providing clients with interdependent and outside-the-box thinking while o ering quality tax, accounting, and auditing services. In addition to those traditional services, we also o er duciary and trust, wealth enhancement, estate planning, pro t improvement, HR consulting, payroll, bookkeeping, business valuation, and litigation support. When working with us, you will always have a highly skilled, well-trained professional who is “Right, By Your Side.”
Contact: Robert Freed, Tax Director Santora CPA Group 220 Continental Drive, Suite 112 Newark, DE 19713 302-737-6200 or toll free 800-347-0116 [email protected] www.santoracpagroup.com Delaware Financial Education Alliance 2020 Delaware Trust Conference Silver Sponsors
SunTrust Delaware Trust Company, a wholly owned subsidiary of Truist Financial Corporation, is a corporate duciary serving the needs of families seeking Delaware trust solutions by o ering a full range of trust strategies to provide clients exibility, protection from creditors, tax planning alternatives, and innovative trust design. We welcome the opportunity to meet with clients and their advisors to explore Delaware trust solutions that can be tailored to their needs.
For more information, please contact:
David W. Keister Senior Vice President & Fiduciary Executive 302-892-9943 [email protected]
Carol A. Tino Vice President & Region Trust Advisor 302-892-3306 [email protected] Delaware Financial Education Alliance 2020 Delaware Trust Conference Silver Sponsors
Christiana Trust was founded with a simple principle: combine superior, informed asset management services, delivered by experienced professionals with access to the best technology. Our dedicated Associates are committed to ensuring that our individual clients receive the personal attention they deserve and the services and products that are crucial to meeting their strategic goals.
Contact: Todd Hammond, CTFA, TEP Christiana Trust, A Division of Wilmington Savings Fund Society, FSB 501 Carr Road, Suite 100 Wilmington, DE 19809 302-888-7740 email: [email protected] www.christianatrust.com Delaware Financial Education Alliance 2020 Delaware Trust Conference Bronze Sponsor
Since 1923, BLS has provided services to a diverse client base while never losing sight of our founding commitment of building long-standing, mutually bene cial relationships. Our services include: advisory, assurance, auditing, tax planning & compliance, estate & trust, litigation support, succession planning, business & management consulting and holding company services.
Contact: Jordon Rosen, CPA, AEP ® Director – Estates & Trusts jrosen@bel nt.com | 302.573.3911 Bel nt, Lyons & Shuman, CPAs 1011 Centre Road, Suite 310 | Wilmington, DE 19805 www.bel nt.com Delaware Financial Education Alliance 2020 Delaware Trust Conference Bronze Sponsor
Duane Morris LLP, a law rm with more than 800 attorneys in o ces across the United States and internationally, is asked by a broad array of clients to provide innovative solutions to today’s legal and business challenges. Attorneys in the rm’s Wilmington o ce provide clients in Delaware and around the world with a wide range of corporate and commercial services, including sophisticated estate planning, trust administration and duciary litigation to individuals, corporate duciaries, business owners and charitable organizations.
Jocelyn Margolin Borowsky, Esquire Partner Duane Morris LLP 222 Delaware Avenue, Suite 1600 Wilmington, DE 19801-1659 Phone: (302) 657-4921 Email: [email protected] www.duanemorris.com Delaware Financial Education Alliance 2020 Delaware Trust Conference Bronze Sponsor
Evercore Wealth Management and Evercore Trust Company, N.A. together o er top-tier investment management, strategic wealth planning – and a modern alternative to traditional trust companies, along with access to the tax and regulatory advantages associated with Delaware trusts.
Darlene Marchesani, JD, LLM Managing Director, Delaware Trust Services Evercore Trust Company, N.A. 300 Delaware Avenue Suite 1225 Wilmington, DE 19801 (302) 304-7361 [email protected] evercoretrustcompany.com Delaware Financial Education Alliance 2020 Delaware Trust Conference Bronze Sponsor
At K&L Gates, our fully integrated global platform enables us to provide exceptional client solutions. The Wilmington o ce transactional team focuses on nancial institutions and Delaware business entities and their involvement in a wide range of domestic and cross-border transactions. Our lawyers play a leading role in Delaware law matters, including through service on the small and prestigious committees responsible for some of Delaware's most important legislation.
Scott E. Waxman Managing Partner K&L Gates LLP 600 North King Street, Suite 901 Wilmington, DE 19801 P: 302.416.7070 F: 302.416.7020 [email protected] www.klgates.com Delaware Financial Education Alliance 2020 Delaware Trust Conference Bronze Sponsors
Founded in 1931, Morris James is a full service law rm with 70 lawyers located in six o ces throughout the state of Delaware. The rm is comprised of formidable lawyers deeply committed to anticipating and meeting the needs of our clients through innovation, technology and an emphasis on client service. Our client- rst philosophy, multi-disciplinary approach, and collective experience earn us high regard from clients, peers, and the Delaware community.
We combine our interdisciplinary legal skills and experience with a passion for understanding the client’s business and industry to provide sophisticated and cost-e ective legal counsel. We often act in an outside general counsel-type role, applying our versatile skill-set to serving the increas- ingly complex and interrelated tax, business, nancing, real estate, employment, commerce, regulatory and other transactional needs of our clients.
For more information, please visit www.morrisjames.com.
Bruce W. Tigani, Esq. Partner Morris James LLP 500 Delaware Avenue, Suite 1500 Wilmington, DE 19801 302.888.6962 [email protected] www.morrisjames.com/ Delaware Financial Education Alliance 2020 Delaware Trust Conference Exhibitor
The American Bankers Association proudly represents banks of all sizes and their two million dedicated employees, and is a leading provider of professional development opportunities. From online courses and webinars to certi cations and events, ABA’s o erings in wealth management and trust help advisors learn the key drivers of today’s ve generations of clients and how to ne-tune their advisory skills.
Paul O’Toole Eric Hensley Senior Vice President Senior Director 1120 Connecticut, Ave., NW 1120 Connecticut, Ave., NW Washington, DC 20036 Washington, DC 20036 O 202-663-5361 O 202-663-5489 [email protected] C 202-763-8139 www.aba.com [email protected] Delaware Financial Education Alliance 2020 Delaware Trust Conference Exhibitor
Kasasa® is an award-winning nancial technology and marketing technology provider that helps more than 900 community nancial institutions establish long-lasting relationships with millions of consumers through its branded retail products and marketing automation capabilities and is now reinventing lending through its latest patent-pending o ering, Kasasa Loans®.
Contact Information: Michael Barrow [email protected] (201) 675 4587 Delaware Financial Education Alliance 2020 Delaware Trust Conference Exhibitor
Theresa L. Hughes, Individual Trustee, in a liation with Santora CPA Group, provides administrative trustee services for personal trust clients.
Visit us at www.piniondelaware.com or reach out to Theresa via email at [email protected] or call her at 302-224-5168. Delaware Financial Education Alliance 2020 Delaware Trust Conference Exhibitor
Lerner College of Business & Economics is the only AASCB accredited business school in the country o ering a minor in Trust Management. Students enrolled in the University of Delaware’s Trust Minor receive hands-on internship experience, mentorship and academic exposure that prepares them to enter the trust industry immediately upon graduation and satis es the ABA academic requirement for CTFA eligibility.
Jennifer Zelvin McCloskey, JD, LL.M.|Attorney at Law Director of Trust Management Minor|Instructor Alfred Lerner College of Business & Economics, University of Delaware Purnell Hall O ce 316A 42 Amstel Ave | Newark, DE 19716 302-831-3840(o)| 302-528-8317(c) [email protected]|[email protected] lerner.udel.edu | Twitter | Facebook
Delaware Financial Education Alliance 2020 Delaware Trust Conference Exhibitor
Weiner Bene ts Group, one of the largest privately held employee bene ts rms in the area, continues a tradition of putting clients rst. With a heritage of trust and experience, they combine a holistic approach to employee wellbeing and a consolidated personal service model to transform employee bene ts management, administration and engagement, allowing employers to meet the needs of their employees in the most cost e ective and creative ways.
Contact: Louis D. Memmolo, AIF, GBA Partner Weiner Bene ts Group, LLC 2961 Centerville Road, Suite 300 Wilmington, DE 19808 302-658-0218 Lou@weinerbene tsgroup.com www.WeinerBene tsGroup.com 2020 Delaware Trust Conference
Program Details
LEARNING OBJECTIVES: To further the understanding of the unique aspects of Delaware Trusts for the benefit of trust professionals to assure that their trust clients receive the most timely, knowledgeable and beneficial advice to maximize their trust needs.
AT COMPLETION OF THIS CONFERENCE, YOU WILL BE ABLE TO: Define the steps an international client uses when considering establishment of a Delaware trust and apply the same to the development of their business; Apply best practices methods on satisfying client needs and trust administration; Identify and apply current trends in Delaware trust planning to better serve existing clients and broaden your trust knowledge, including consideration of both state and national trends; Identify and avoid potential risks to trust clients and trust companies with regard to potential litigation, particularly in the fields of document drafting and review, fiduciary oversight, trust transfer and ethics; analyze and identify potential issues with special assets, asset protection trusts, and international filing requirements for trusts.
PROGRAM CONTENT: Delaware trusts are solid, dependable, and best of all thanks to Delaware’s rule of perpetuity, they’re built to last! The fourteenth annual Delaware Trust Conference will highlight all the unique advantages of the First State’s trust environment. Attendees will enjoy a stellar line-up of the nation’s top trust, legal and wealth management experts, all of whom will provide them with the latest information on using Delaware trusts to the maximum benefits for themselves and their clients.
PROGRAM LEVEL: Intermediate
PROGRAM PREREQUISITES & ADVANCE PREPARATION: Those attending the conference will be from varied backgrounds; however all should have a minimum of a bachelor’s degree from an accredited college or university. In addition, the attendees will also have a variety of higher educational degrees and designations including, but not limited to J.D., CPA, CTFA, and CFP.
DELIVERY METHOD: Group Live discussions delivered via an online conference platform with PowerPoint supplements. All materials presented are provided to attendees in digital electronic format.
REGISTRATION INSTRUCTIONS: Both days for $899 for DBA/FEA members; $1,299 for non-members. To register, please complete the enclosed registration form and fax to 302-678-5511 or email Renee Rau: renee.rau@ debankers.com REFUND POLICY: If an attendee drops a seminar after the registration deadline, but at least ten (10) business days before the conference starts, the drop fee is $100.00. After October 9, 2020, the attendee will be charged the full cost of the conference. If the attendee does not drop the conference and does not attend, s/he will be considered a “no-show” and will be charged the full cost. Qualified substitutions are permitted at any time. Continuing education credits will be given to the individual who attends the conference.
PROGRAM CANCELLATION POLICY: The DBA/FEA reserves the right to cancel a session for insufficient enrollment. If a class is cancelled, the DBA/FEA will notify the registrants at least five (5) business days before the scheduled date and refund the course fee.
COMPLAINT RESOLUTION POLICY: Every program’s relevance is guaranteed. If an attendee becomes dissatisfied with the program, she/he will receive a full refund of the enrollment fee or be permitted to attend an equivalent program at no charge. For more information regarding administrative polices such as complaints and refunds, please contact our offices at 302-674-0202.
The Delaware Bankers Association Financial Education Alliance is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State Boards of Accountancy have final authority of acceptance of individual courses for CPE credits. Complaints regarding registered sponsors may be addressed to National Registry of CPE Sponsors, 150 Fourth Avenue North 700, Nashville, TN 37219-2417, website www.learningmarket.org.
Total Credits for 2020 Delaware Trust Conference = 22.0 CLE applied for (DE & PA) (including 2.0 Ethics Credits), CPE & ICB Credits Applied for. Participants can earn up to 18.0 CPE credits in Specialized Knowledge and Applications field of study.