GREENVILLE, Del., Jan. 23, 2018 /PRNewswire/ -- We are pleased to
announce that Greenleaf Trust Delaware has been granted a
Delaware limited purpose trust
company charter. This charter of Delaware trust powers enables Greenleaf Trust
Delaware to provide trust administration under the robust trust
infrastructure commonly known as the Delaware Advantage.
Delaware is widely regarded as the
premier trust jurisdiction given its sophisticated trust laws and
Chancery Court.
"This is yet another step in our quest to anticipate and to
deliver enhanced services to our high net worth clients. We can now
better serve trust clients and partnering professionals who desire
the sophisticated benefits of enhanced control, asset protection,
and tax planning afforded by a Delaware situs trust," said Mike Odar, President of Greenleaf Financial
Holding Company, the parent of both Greenleaf Trust Delaware and
Greenleaf Trust, a Michigan Chartered Trust Only Bank.
Greenleaf Trust Delaware will serve as trustee for a wide array
of trusts including dynasty trusts and directed trusts. The
Delaware office will be led by an
exceptionally talented team including Tonia Kennedy JD, CTFA, and
Lara Jones-Perrins. Tonia has over
twenty years of trust administration experience and will serve as
our Delaware Vice President and Trust Officer. Lara, our Delaware
Trust Administrator, has nearly twenty years of trust taxation
expertise and most recently served as a Trust Officer within a
family office environment.
William D. Johnston, Founder and
Chairman of the Board of Greenleaf Financial Holding Company,
summed up the news by saying, "We considered establishing an entity
with trust powers in several different state jurisdictions.
However, the evidence was clear that Delaware is and will continue to be the
preeminent situs to meet the needs of sophisticated trusts and
planning techniques. This will benefit our clients and their
families for generations to come."
About Greenleaf Trust Delaware:
Greenleaf Trust Delaware, a Delaware limited purpose trust company, is
regulated by the Office of the Delaware State Bank Commissioner.
Greenleaf Trust Delaware is wholly owned by Greenleaf Financial
Holding Company, a Delaware
corporation. Greenleaf Financial Holding Company is also the sole
owner of Greenleaf Trust, a Michigan non-depository trust bank regulated
by the Michigan Department of Insurance and Financial Services.
Both Greenleaf Trust and Greenleaf Trust Delaware provide various
fiduciary and non-fiduciary services, including trustee, custodial,
agency, investment management and other non-depository services.
Greenleaf Trust and Greenleaf Trust Delaware offer personal trust,
retirement plan and family office services to families and
entities.
Greenleaf Financial Holding Company and its subsidiaries do
not provide legal, tax or accounting advice. Please consult your
legal, tax or accounting advisors to determine how this information
may apply to your own situation.
Contact: Jim Gray,
269-553-6946
View original content with
multimedia:http://www.prnewswire.com/news-releases/greenleaf-trust-delaware-is-granted-official-charter-300586203.html
SOURCE Greenleaf Trust Delaware