Wilmington Trust Directed Trustee Form
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People also ask
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What does a Directed Trustee do?
A Directed Trustee has the responsibility to preserve the assets in a Trust, distribute them as specified in the Trust agreement or as is standard, and to see that the paperwork associated with the Trust and its profits is kept up with. -
Who is the owner of Wilmington Trust trustee?
Wilmington Trust Corporation is a wholly owned subsidiary of M&T Bank Corporation. -
What is the difference between a directed trust and a delegated trust?
With a delegated trust, the trustee has more authority but also more exposure and liability than with a directed trust, because the trustee is still responsible for fulfilling its fiduciary duty in the selection and oversight of third parties to whom investment and other duties are delegated. -
Are M&T Bank and Wilmington Trust the same company?
Wilmington Trust is a leading provider of wealth and institutional services for M&T Bank, one of the 15 largest U.S.-owned, commercial bank holding companies1.
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