Out With the Old, In With the New: Using Trust Decanting to Adapt to Changed Circumstances

July 19, 2019 at 9:45am10:45am
New York University Tax Conferences
The Westin New York at Times Square

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.