Trusts & Estates
Trust Decanting: A Compelling (and Underused) Strategy for Creative Trust Solutions
Decanting trusts is a strategy that is increasingly gaining the attention of estate planning professionals — and with good reason. Essentially, decanting is a creative, yet underused, option for your clients if/when a trust, typically an IRT, no longer fits. Assets from the original trust are distributed to a new trust that better meets the client's needs and objectives.
At least 22 U.S. states have added statutes to permit decanting. However, many estate planners don't adequately understand trust decanting so fail to consider it when advising clients — potentially missing out on opportunities for clients and new revenue streams for attorneys. Learn more by downloading this article.
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Amending an Irrevocable Trust: The Dos and Don'ts of Decanting
Decanting irrevocable trusts is an increasingly popular planning strategy, but beware of the pitfalls, tax implications, and trustee fiduciary duties.Learn More
When the Irrevocable Trust No Longer Fits
Life comes at you fast. Learn 3 ways estate planning attorneys can modify an irrevocable trust and preserve client benefits.Learn More
Summary of 2017 Estate Tax Repeal Legislation to Date
With the estate tax repeal pending, get the info you need about stepped-up basis and incomplete grantor trusts, what it means for estate planning attorneys, and clients.Learn More