Planning Issues and Problems with Respect to Decanting Trusts
June 25, 2019 at 8:00am – 9:30am
Middlesex County Bar Association
Greenberg & Schulman
90 Woodbridge Center Drive
Suite 200
Woodbridge, NJ 07095
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. Topics to be addressed in this session will include:
· Reasons for decanting a trust
· How to decant or otherwise modify an irrevocable trust under NJ law
· Select tax considerations of trust decanting