Equal Housing Lender. Bank NMLS #381076. Member FDIC.
Wealth Management Services
Personal Trust Administration
When creating a trust, you want to feel confident that it will be administered with efficiency and diligence. Experience how generations of families have benefited from our trust management skill.
A high caliber of personal trust administration
Wilmington Trust provides a variety of services designed to help ensure that your trust is efficiently administered to help grow, protect, and preserve wealth for future generations.
Administrative and recordkeeping responsibilities
- Administer trust according to the specific terms of the trust agreement
- Exercise the trustee's discretion when appropriate
- Provide continuity of administration during times of grantor's incapacity or disability
- Maintain detailed records of all account transactions
- Issue monthly or quarterly principal and income statements and asset summaries
Tax-related responsibilities*
- Keep record of taxable and tax-exempt income
- Adjust tax-cost basis
- File trust tax returns annually and furnish tax information to beneficiaries
*Wilmington Trust is not authorized to and does not provide legal or accounting advice. Wilmington Trust does not provide tax advice, except where we have agreed to provide tax preparation services to you. Our advice and recommendations provided to you are illustrative only and subject to the opinions and advice of your own attorney, tax advisor, or other professional advisor.
