A trust is a legal arrangement where the owner, known as the grantor, transfers assets to be managed by a trustee for the benefit of another party, the beneficiary. For global families, trusts established in Delaware and Wyoming can offer significant advantages. These states have modern trust laws that are beneficial for tax planning, privacy, and asset protection. They also provide flexible investment vehicles and the ability to create customizable, modifiable, multigenerational legacies.
Your trustee has a profound responsibility to you as well as to your trust’s beneficiaries—for years, decades or even generations to come. Choosing the right trustee is one of the most important decisions high-net-worth families and individuals make. For over 150 years, J.P. Morgan has proudly offered robust fiduciary services to our clients. We continue this tradition by providing trust services in Delaware and Wyoming to help you navigate opportunities to protect and grow your wealth.
J.P. Morgan’s Delaware and Wyoming trust services
Tax knowledge
Delaware and Wyoming have some of the lowest state-level tax burdens in the United States, allowing more wealth to pass to beneficiaries. Our specialists have deep knowledge on the nuances of trust law to help you structure trusts to suit your needs.
Proven track record
We offer personalized guidance, leveraging our extensive knowledge on estate planning and collaborate with you and your team to create a bespoke trust structure that aligns with your goals and those of your beneficiaries, no matter where they are located.
Another reason-to-believe
With over 150 years of trust experience, we can help you navigate your trusts for generations. Delaware offers perpetual trusts for personal property, while Wyoming permits dynasty trusts with durations up to 1,000 years.
Trust administration services for global families
With a global footprint and beneficiaries in over 90 countries, we can provide our international trust services for clients outside of the United States.
A reliable, experienced trustee is crucial to ensuring your wishes are carried out, no matter how complex your needs.
The case for Delaware and Wyoming trusts
Delaware and Wyoming trusts are ideal for high-net-worth individuals and families seeking sophisticated estate planning options. Both states offer favorable tax treatment, including no state income tax on trusts, which can maximize wealth for current and future beneficiaries. Additionally, strong asset protection and privacy features help preserve family wealth across generations by shielding trust assets from creditors and divorce claims. Choosing to domicile a trust in Wyoming also offers privacy and security, with trust details not publicly accessible and where court records are generally automatically sealed.
A key benefit of Delaware and Wyoming trusts is their flexibility in trust administration. Both states allow for directed trusts, where investment and administrative responsibilities can be divided among co-trustees, advisors, and trust protectors. This structure provides greater control over asset management and can accommodate complex family dynamics and investment strategies. Modern and adaptable trust laws in these states also allow for the modification of trusts as family needs evolve, ensuring alignment with the grantor’s objectives over time.
With over 150 years of experience, J.P. Morgan provides the knowledge and resources needed to navigate the complexities of these trusts, ensuring your assets are managed with the utmost care and precision.
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Important Information
This material is intended to help you understand the financial consequences of the concepts and strategies discussed here in very general terms. The strategies discussed often involve complex tax and legal issues. Your own attorney and other tax advisors can help you consider whether the ideas illustrated here are appropriate for your individual circumstances. JPMorgan Chase & Co. does not practice law, and does not give tax, accounting or legal advice. We are available to consult with you and your legal and tax advisors as you move forward with your planning.
