SunTrust Banks Inc. of Atlanta said Wednesday that a new unit, SunTrust Delaware Trust Co., opened for business Dec. 1.Jeffrey Kaczmarcyzk, senior relationship manager at the unit, said it will enable high-net-worth clients to benefit from Delaware's favorable trust laws.

Those laws provide more flexibility in trust management, better tax benefits for the investor, and the ability to create "dynasty trusts," which run perpetually, Mr. Kaczmarcyzk said.

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