Sorensen Entity Services of Wilmington, DE (http://sorensenes.com) acts as the Registered Agent and Trustee for Farmers First Trust Company DST in accordance to Delaware laws and statutes. Sorensen Entity Services’ long-standing history of excellence is a crucial element of Farmers First Trust’s fiduciary responsibilities to its clients.
Farmers First Trust Company DST (as the name states) was formed as a Delaware Statutory Trust (DST). There are numerous reasons for Farmers First Trust to form as a DST, among those are Delaware’s strong statutory laws governing business entities that are regularly reviewed and updated to stay current and relevant. Delaware also has a significant number of judicial decisions that provides predictable guidance in business transactions.
The most important reason for selecting a DST structure was due to its inherent integrity and longevity. A DST has perpetual existence and will not terminate or dissolve as a result of the death, incapacity, dissolution, termination or bankruptcy of a beneficial owner. Longevity and assurance are vital cornerstones for the relationships of Farmers First Trust and its clients, and the DST formation provides the sound foundation looking forward to the future.