Peapack-Gladstone Bank
Wealth

PGB Trust & Investments of Delaware

The State of Delaware offers individuals and businesses a unique climate for protecting and perpetuating wealth. Delaware has a long-standing tradition of being a trust-friendly jurisdiction, with a court system that is highly responsive to the needs of trustees and beneficiaries, and a legislature that is continually refining and updating trust laws.  PGB Trust & Investments of Delaware is a subsidiary of Peapack-Gladstone Bank established to help our clients find the most efficient way to protect and perpetuate their assets and maximize the amount they are able to pass onto their heirs, all with the greatest possible flexibility.


The Delaware Advantage

The State of Delaware is a premier trust jurisdiction that offers many advantages for individuals, families and businesses. Delaware trusts offer a wide range of benefits, provide confidentiality and security, and the investment flexibility and cost savings needed to help maximize investment potential.


Leading Delaware Trust Advantages Include:
  

  • Directed Trusts - Delaware law facilitates the use of third-party Investment and Distribution Advisors through its Directed Trustee statute. This allows the management of a trust to be tailored specifically to individual needs.
  • Confidentiality - Delaware courts are sensitive to a grantor's right to confidentiality and do not require court filings, and Delaware law permits a grantor to restrict beneficiary access to information under certain circumstances.
  • Spendthrift Trusts - Delaware's Spendthrift Trust statute provides significant protection from creditors' claims.
  • Tax Advantages - Delaware trusts may confer lawful tax benefits under certain circumstances.
  • Dynasty Trusts - Delaware permits the creation of Dynasty trusts that allow assets to pass to succeeding generations on a perpetual basis.
  • Total Return Trusts - Delaware was the first state to enact a law that permits the use of investment opportunities that align the interests of the income and remainder beneficiaries.
     

Existing Trusts

The advantages of Delaware law can be enjoyed by trusts that are initially created under Delaware law, as well as existing trusts created under the laws of another jurisdiction. Existing trusts, in most cases, can be moved to Delaware in order to better fulfill a Settlor’s intent and the interests of beneficiaries. By moving a trust to Delaware clients may be able to:
 

  • Rely on an extensive and trust-friendly body of law
  • Individually tailor the management of a trust though the use of Investment Advisors, Distribution Advisors and/or Trust Protectors
  • Amend a problematic irrevocable trust under Delaware’s Decanting Statute
  • Obtain effective creditor protection for beneficiaries
  • Take advantage of lawful tax benefits under certain circumstances
  • Minimize fees and administrative costs

     


We believe in client relationships that last for generations, and as with all of our offices, PGB Trust & Investments of Delaware can help clients preserve what they have earned and acquired in the most efficient and effective way.  We invite you to learn more today by speaking with any one of our wealth advisors:

 

 DELAWARE:

Lisa K. Berry, CTFA, Managing Director

(302) 255-1506 (Office) • (302) 256-1998 (Cell) 

Montchanin Corporate Center, 20 Montchanin Road, Suite 210, Greenville, DE 19807

Office Hours:  M-F, 9:00 a.m. to 5:00 p.m.

 

NEW JERSEY: 

John M. Bonk, Senior Managing Director
Bedminster, NJ • (908) 719-3318


Wendy O'Ree, Senior Managing Director
Bedminster, NJ • (908) 470-3326

 

Gary Pancoast, Senior Managing Director
Bedminster, NJ • (908) 306-8068

 

Peter Wallburg, Senior Managing Director
Bedminster, NJ • (908) 719-3306

 

Michael T. Tormey, JD, CFP®, Senior Managing Director
Morristown, NJ • (908) 306-8816

 

Stephen M. Kozuch, Senior Managing Director
Teaneck, NJ • (908) 719-3314

 
Securities and mutual funds are not FDIC insured, are not obligations of or guaranteed by Peapack-Gladstone Bank, and may involve investment risk, including possible loss of principal.  Information provided for educational purposes only.  This should not be relied upon as tax and/or investment advice.  We encourage you to consult your personal legal, tax or financial advisors for information specific to your situation.

 

 

Wealth
Peapack-Gladstone Bank is a full-service NJ bank providing both business banking and personal banking and has served the New Jersey Banking community since 1921. We're committed to offering our customers the most convenient and innovative products and services to help them successfully navigate through the demands of life. Peapack-Gladstone Financial Corporation is a bank holding company. Peapack-Gladstone Bank was established in 1921 and is a wholly owned community bank. nj bank nj community bank nj commercial lending nj cd rates nj mortgages. free checking free business checking high yield checking mobile banking online banking. online account opening, remote deposit, e-statements, nj trust & investments. We have 21 branches in Somerset County, Hunterdon County and Morris County including the cities of Basking Ridge, Bedminster, Bernardsville, Bridgewater, Califon, Chatham, Chester, Clinton, Far Hills, Gladstone, Green Village, Hillsborough, Long Valley, Mendham, Morristown, Oldwick, Peapack, Pottersville, Summit, Whitehouse Station and Warren. Discover the conveniences all of Peapack-Gladstone Banks are having to offer. Business checking; free business checking accounts, interest-bearing checking accounts. Business savings; certificates of deposit, high yield money market accounts, insured money market accounts, sixth year in money market accounts, statement savings account. Commercial lending. Small-business lending. Other business services; cash management, remote deposit, merchant services. Personal banking; personal checking, chairman's club checking accounts, free personal checking accounts, interest-bearing checking accounts, NJ consumer checking accounts, opening a personal checking account. Personal savings; certificate of deposit's, IRA certificates of deposits high-yield money market accounts, insured money market accounts, IRA savings accounts, pony club savings accounts, statement savings account, opening a personal savings account. Consumer loans; home equity fixed term loans, home equity line of credit loans, personal unsecured loans, personnel reserved loans, vehicle loans, Car loans. Mortgage loans; adjustable rate mortgages, affordable mortgage products, construction permit it mortgages, fixed-rate mortgages, reverse mortgages. Products and services; access 24 our own banking, ATM banking, check reorder, point machines, credit cards (MasterCard Gold, Visa classic and platinum, Visa platinum was flexed miles, Visa business, direct deposit, net access Internet banking and bill paying service, mobile banking, night deposit, online financial calculators, adjustable rate mortgage calculator, biweekly payment calculator, kids calculated, to mortgage loan calculator, PITI, retirement calculator, refinance and interest savings, savings calculator, safe deposit boxes, Visa check cards. Trustee services. nj bank. nj community bank. nj commercial lending. nj cd rates. nj mortgages. free checking. free business checking. high yield checking. mobile banking. online banking. online account opening. remote deposit. e-statements. nj trust & investments. State administration services. The state and trust administration services. Charitable trusts and private foundations. Investment management services. Custody services. Individual retirement plan services. Reporting services. Cash management services. Tax preparation services. Financial planning services. Wealth management services. PDB's financial services.