Trust & Estate Planning
Your goals and intentions are at the forefront as we manage and preserve your trust assets or serve as trustee or co-trustee of your trust.
Why Choose Glenmede To Be Your Trustee?
With over 65 years of experience of serving as a professional trustee, you can count on Glenmede to provide the knowledge and expertise required to administer your trust properly and serve with fiduciary care and responsibility.
As an independent trust company, Glenmede also enjoys fewer conflicts of interests and distractions than many large financial services firms, which keeps our focus centered on what’s most important — you and your family.
Our Fiduciary Standard
Since our founding as a trust company in 1956, our fiduciary duty has been more than an obligation — it has been at the core of our client philosophy, culture and trust management services. Through The Glenmede Trust Company, N.A., we serve as a professional trustee to clients throughout the U.S.
Preserving and Transferring Wealth
Whether you are looking for a corporate trustee or an experienced fiduciary team that can work with an individual trustee, we offer a wide range of fiduciary services, including:
- Multi-generational planning
- Investment management
- Wealth transfer implementation
- Philanthropy & Wealth Education
- Trust administration
- Delaware trust administration & management
Delaware Trust Administration & Management
Where our clients wealth planning calls for the benefits afforded by Delaware law, we have The Glenmede Trust Company of Delaware (GTCDE), a Delaware chartered, limited purpose trust company based in Wilmington, Delaware.
Delaware has long been a destination for establishing trust situs, offering a trust-friendly body of legislation and caselaw that is supported by its Court of Chancery and a robust community of trust professionals. GTCDE offers a full suite of highly tailored investment management and fiduciary services for clients seeking to have their financial affairs administered solely in Delaware.
Frequently Asked Questions
What are the benefits of a corporate trustee?
Some of the primary benefits of using a corporate trustee or co-trustee are the experience, expertise and objectivity which many corporate trustees can provide. Since our founding as a trust company in 1956, our fiduciary duty is at the core of our client philosophy and culture. We serve as a professional trustee to clients throughout the U.S. and offer Delaware trust services through The Glenmede Trust Company of Delaware, a Delaware chartered, limited-purpose trust company.
What types of assets cannot be placed in a trust?
While there are many assets you can put in your trust, there are also several that you should not include. We believe trusts are not a one-size-fits-all strategy, and we take the time to understand your lifestyle, legacy and philanthropic goals while putting together your estate plan. With over 65 years of experience serving as a professional trustee, we can provide you with the knowledge and expertise required to administer your trust properly and serve with the highest level of fiduciary care.
What is the value of working with a trust company?
A trust company, or trustee, is bound by fiduciary duty. This means that the trustee must administer a trust according to its terms and conditions and behave in a matter that is in the best interests of the trust and its beneficiaries, and not its own. The trustee is responsible for administering a trust based on instructions documented in the trust agreement, the nature and purpose of the trust and governing state laws.
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Why are many trusts established and administered in Delaware?
Delaware has a long history of being considered a leading jurisdiction for personal trusts. It has world-renowned statuses in the areas of trust and business entity law, a premiere state court forum for sophisticated corporate litigation and trust matters and has a well-established legal and banking community that serves the needs of wealth clients worldwide.
What is a grantor retained annuity trust?
A grantor retained annuity trust, or GRAT, is an irrevocable trust with a defined term that you establish, typically two years. During the term, you as the grantor receive an annuity that consists of an amount you choose plus the IRS published Section 7520 rate. When the trust’s term ends, any remaining assets pass to your named beneficiaries with no additional estate, gift or income tax.
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What is a spousal lifetime access trust?
A spousal lifetime access trust (SLAT) is a legal arrangement that allows one spouse to use their federal gift and estate tax exemption to transfer assets into a trust for the benefit of the other spouse. It’s an irrevocable trust, meaning it generally cannot be changed once created.
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What is an estate plan?
An estate plan is the road map to ensure your wishes are fulfilled. The process requires complex consideration of your assets, debts, heirs and goals. A well-constructed estate plan can promote certainty that your heirs and beneficiaries receive assets in the amount and manner you desire, as well as in a way that minimizes taxes. Without an estate plan, the fate of your possessions will lie in the hands of the state.
Glenmede Private Wealth is privileged to have the opportunity to partner with you.
