Steven R. Director / Director

Steven R. Director (Steve) is a director and shareholder at Bayard. Steve has over 36 years of experience in private practice in the areas of business transactions, tax, trust (personal and corporate) planning and administration, estate planning and administration, and business succession planning. Through a “hands-on” approach, Steve develops effective strategies and follow-through steps to assist his entity and individual clients form, acquire, and sell businesses, resolve significant family and entity ownership and related disputes, negotiate and reach agreements with tax authorities, and accomplish his clients’ tax, estate, and trust planning goals. Steve is admitted to practice in state and federal courts in Delaware and Maryland, and the U.S. Tax Court.

Steve advises closely-held businesses, including corporations, limited liability companies, professional practices, and other entities, and their owners on a variety of tax and transactional issues, including structuring and negotiating business formations, acquisitions, divisions, and sales; and advising on business succession planning. He frequently represents taxpayers before the Internal Revenue Service and local tax authorities. He represents lending institutions in business and corporate trust matters. Steve also represents Delaware holding and parent companies, and provides on-going advice regarding operations and other matters that are critical to ensuring these entities’ special exemption from income taxation in Delaware.

Steve is the current Vice-Chair of the Tax Appeal Board of the State of Delaware, an active member and past Chair of the Delaware State Bar Association’s Section on Taxation, a past Chair and current Secretary/Treasurer of the Wilmington Tax Group, and a member and past Chair of the Estate Planning Council of Delaware. In 2016, Steve completed the Harvard Negotiation Intensive Workshop hosted by Harvard’s Negotiation Institute. He is AV® Peer Review Rated by Martindale-Hubbell.*

Steve is a former Secretary and Board Member of the Delaware Community Foundation, a former Board Member and Chair of the Legal Committee of Greenville Country Club, and a member of the Board of Governors of the Central Branch (DE) YMCA. Steve is a frequent speaker on a variety of tax, asset protection, trust, estate, and business planning topics at seminars and meetings sponsored by professional and community groups.

*AV Preeminent and BV Distinguished are certification marks of Reed Elsevier Properties Inc., used in accordance with the Martindale-Hubbell® certification procedures, standards and policies. Ratings reflect the confidential opinions of members of the Bar and the Judiciary. Martindale-Hubbell ratings fall into two categories: legal ability and general ethical standards.

Professional Biography

Bar Admissions:

  • Delaware (1977)
  • Maryland (1993)

Court Admissions:

  • United States District Court for the District of Delaware (1978)
  • United States Tax Court (1978)
  • United States Court of Appeals for the Third Circuit (1982)
  • United States District Court for the District of Maryland (1994)


  • American Bar Association
  • Delaware State Bar Association
  • Maryland State Bar Association
  • Anne Arundel County Bar Association


  • B.A., University of Colorado (1974)
  • J.D., Pepperdine University School of Law (1977)
  • LL.M. (Taxation), New York University (1979)


Most Recent Speaking Engagements:

  • 2011 Delaware Trust Conference, Trust Ethics – Keeping the Pack Pure – A variety of case studies on trustee/beneficiary issues (October 2011).
  • Delaware Society of CPA’s, Working with the Internal Revenue Service–Offers in Compromise and Installment Agreements (December 2009).
  • Delaware Tax Institute, Current Developments, Planning Ideas, and Hot Topics (January 2009).
  • National Business Institute, Advanced LLC Issues (December 2007/2008).
600 N. King Street, Suite 400 Wilmington, DE 19801
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