Trust Act 2015 Legislative Update
On July 10, 2015, Delaware Governor Jack Markell signed Senate Bill 42 into law effective immediately, then on August 7, 2015, Governor Markell signed House Bill 164 into law effective as of August 1, 2015. Those laws (collectively “Trust Act 2015”) provide many advancements in Delaware trust law. Settlors, beneficiaries and fiduciaries of trusts now have more tools and greater flexibility to accomplish their various objectives. The Morris Nichols Trusts, Estates & Tax Group is pleased to share this Delaware legislative update with you.
Click here to download the complete Update.