UPDATE Windsor Decision

On August 16, 2013, we published an article discussing the impact the Supreme Court's decision in United States v. Windsor would have upon trust administration, please click the following link for an important UPDATE:  UPDATE DOMA Article by...

Welcome Back, DINGs (Delaware Incomplete Non-Grantor Trusts)

Recently, the IRS issued PLR 201310002, granting a number of favorable rulings with respect to the income, estate and gift tax treatment of a Delaware Incomplete Non-Grantor Trust (or a “DING” trust).  A DING is a trust which is (i) not a grantor trust, for income tax...

Commonwealth Gives Back

Making a Difference - A goal of Commonwealth Trust Company is to emulate our clientele. Just as our clients establish trusts for the benefit of others, we, Commonwealth's Board of Directors, Officers, Managers and Employees, have a long history of "giving back to our...

Windsor Decision re Defense of Marriage Act (“DOMA”)

Last month the Supreme Court of the United States struck down as unconstitutional Section 3 of the Defense of Marriage Act ("DOMA"), finding that defining marriage as between one man and one woman violates the equal protection provisions of the 5th Amendment. From a...