Commonwealth Trust Company

We’re looking forward to attending and sponsoring the STEP New York 20th Annual International Estate Planning Institute. Will you be there? Let us know, we’d love to chat! https://lnkd.in/e5m56jhe #TrustUsWithYourFamilyLegacy

The U.S. has suspended participation in the OECD’s global tax agreement. The new administration has made it clear: any commitments made under the prior administration are void unless enacted by Congress. What does this mean for multinational businesses and international tax policies? Read more in the latest STEP update. https://lnkd.in/eBBnQUCF #TrustUsWithYourFamilyLegacy

With cryptocurrency, trustees face new challenges in custody, reporting, and safeguarding digital assets — all while maintaining their fiduciary duties. Our latest article explores whether the existing trust framework is enough to support crypto or if new solutions are needed. https://lnkd.in/e8jVGdks #TrustUsWithYourFamilyLegacy

On February 19, 2025, FinCEN released the anticipated update regarding the deadline for the CTA's Beneficial Ownership Information Reporting to go into effect. Read our latest update to stay up to date and ensure compliance. #TrustUsWithYourFamilyLegacy

Digital assets bring new challenges for trustees, from security risks to tax reporting and regulatory uncertainty. How can trustees uphold fiduciary duties while allowing families to invest in cryptocurrency? Our latest article explores the risks, opportunities, and the evolving path forward. https://lnkd.in/e8jVGdks #TrustUsWithYourFamilyLegacy

We want to express our gratitude to Cynthia D. M. Brown JD, TEP, for her contributions to Commonwealth Trust Company. While we will miss her, we are excited for her as she pursues her next chapter and wish her all the best! #TrustUsWithYourFamilyLegacy

How does cryptocurrency fit into traditional trust structures? With evolving regulations, security risks, and reporting complexities, trustees must find ways to uphold fiduciary duties while managing digital assets. Read our latest article to explore the path forward. #TrustUsWithYourFamilyLegacy

As the Tax Cuts and Jobs Act of 2017 sunset approaches, understanding innovative estate tax planning strategies is crucial. The latest ACTEC podcast dives into how self-settled asset protection trusts can meet unique client needs while providing tax savings. Don’t miss this insightful episode from ACTEC. https://lnkd.in/ejf9deng #TrustUsWithYourFamilyLegacy

With changes to estate tax exemptions looming, now is the time to review estate plans. From maximizing gifting opportunities to updating trust structures, early action is key. Learn more about what you should be thinking about with the potential sunset of the Tax Cuts and Jobs Act of 2017 in our latest article. https://lnkd.in/enaqEnFw #TrustUsWithYourFamilyLegacy

We're #hiring a new Tax Manager in Wilmington, Delaware. Apply today or share this post with your network.