Out With the Old, In With the New: Using Trust Decanting to Adapt to Changed Circumstances
270 W 43rd Street
New York, NY 10036
Decanting is a powerful tool that can be used to modify an irrevocable trust to address changes in the law governing a trust, changes in beneficiary circumstances, or to make needed changes to trust administrative provisions, such as trustee appointment and succession. This session addresses reasons to decant a trust, state decanting laws, and tax issues associated with trust decanting.