The Trust Management Minor was recently approved by the University of Delaware Faculty Senate, and is designed to provide a comprehensive skill set in trust management as well as a foundation in taxation and estate planning. According to a press release from the Delaware Bankers Association, “The program was made possible thanks to the support of corporate sponsors and individual donors who represent some of the top trust companies and law firms in the First State.” Among those sponsors is Gawthrop Greenwood, PC and its department devoted to the planning of trusts and estates.
The press release continues:
“The Trust Management Minor will enable students to understand the legal relationships between trustees and beneficiaries; manage the legal, tax, financial and non-financial aspects of efficient conservation and transfer of wealth; understand individual, corporate, estate and trust tax issues; and, moderate conflicting desires of current income beneficiaries and residual owners.
The program will educate students seeking an academic focus in the field of Trust Management. The Trust Management Minor is available to all University of Delaware students. Every student enrolled in the program will have the opportunity to work with a mentor in the trust field and will be required to complete an internship with a financial institution. Other goals of the program include: promoting trust management as a career choice, meeting the needs of employers seeking trust management experts and strengthening the bonds between the University of Delaware and the numerous trust management firms in Delaware.
Unique to Delaware, this first-of-a-kind Trust Management Minor will be an accredited program that provides students with comprehensive skills grounded in taxation and estate planning. Some courses will be taught as early as this fall. The program will provide a pipeline of experienced candidates for employment by trust companies and law firms in Delaware. The program was made possible thanks to the generous support of corporate sponsors and individual donors who represent some of the top trust companies and law firms in the First State.”