WHAT A TRUST COMPANY IS, (AND SHOULD DO) FOR ITS CLIENTS 

A trust company is an organization dedicated to management and protection of the assets of individuals, businesses, and charities. The term "Trust" refers to the ability of the organization to act as a Trustee, being one who has the power to manage financial assets on behalf of another, or to assist another in the management of such assets. Oftentimes these arrangements are set up under formal procedures, (but valuable assistance can be provided to clients in less restrictive arrangements, depending on circumstances and events).

Usually, typical trustees manage investments, keep records, prepare court accountings, and pay expenses. Most often, these tasks are performed in a fiduciary context (i.e., where the trustee has the responsibility for another's affairs). However at Paragon, we believe that a Trust Company can or should provide other value-added and critical services, (such as tax preparation and compliance, estate management, managing audits and disputes with governmental agencies, business support and compliance, estate planning, trustee support and financial asset evaluation for clients in, and outside of structured arrangements. In this intention, we believe that many clients deserve a high degree of support in these matters that they may not receive elsewhere in other venues).

Principal Member Biographies:

R. Eugene Torrenti - Director

Gene Torrenti is the founder of a private law practice in Hamden, Connecticut and specializes in the areas of Estates and Trusts, Real Estate, Corporations and Taxation. He received his B.A. Degree from the University of Pennsylvania (Magna Cum Laude, 1980), his J.D. Degree from Vanderbilt University School of Law (1983), and his LL.M. Degree (Taxation) from Boston University School of Law (1988).  He served as an Editor on the Boston University Journal of Tax Law. He is a member of the Connecticut (1984), Pennsylvania (1984) and Florida (1996) Bar Associations, and is admitted to practice before the United States Tax Court, and the United States District Court for the District of Connecticut and the Western District of Pennsylvania. He has been a lecturer before a variety of civic, professional and private associations, including the Connecticut Association of Professional Accountants, and is a certified instructor for the National Board of Accountants. He has served on the Board of Directors of the Orange Public Library (1986  to 1990), the Orange Board of Education (1991 to 1999), and the Board of Governors of the Race Brook Country Club (2003 to 2005).

Anthony J. De Angelo - Director

Tony De Angelo is a Graduate of Sacred Heart University, Bridgeport, CT and the Philadelphia Institute, Philadelphia, PA. He is a member of the National Deans List, and holds the E.A. (Enrolled Agent) designation from the Internal Revenue Service. He is formerly the Head of Administration of the Private Client Practice Group of the firm of Rogers & Wells (now Clifford Chance) in New York, NY, Washington, DC and Los Angeles, CA. He is also a former Assistant Instructor in the Business Department of Albertus Magnus College, New Haven, CT, and is a noted speaker and writer on tax, tax and trust policy, and fiduciary matters. In the past, Tony has authored articles for The New York Times, The New Haven Register, The Hartford Courant, Legal Assistant Today, Tax Analyst's "Tax Practice", and for the Joseph Center in Oak Park, IL. As the result of a quarter-century of tax practice, Tony is in service to the boards of Interfaith Human Services of Putnam CT, Inc., and the Abington Social Library of Pomfret CT.

DISCLAIMER

      This site is provided for general informational purposes only, as a service to the public. Nothing herein is to be construed as a representation to be relied on, or as legal or accounting advice. Competent professional assistance should be sought in those situations where such advice appears to be necessary. Neither Paragon Trust Company, its predecessor or related entities, nor its owners or staff are responsible for any use (or misuse) of the information furnished hereunder.