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Amending an Irrevocable Trust: The Dos and Don'ts of Decanting
By Whitney L. Sorrell, JD, CPA, MBA | Contributing Guest Writer, Sorrell Law Firm, PLC
Decanting is an increasingly popular way to add flexibility to irrevocable trusts (IRT). It's also a great opportunity for planners to add value for clients and increase firm revenues. But, there are some dos and don'ts you should be aware of when decanting an IRT, including
- Proper mechanics
- Tax pitfalls
- A trustee’s fiduciary duties.
Learn all about it and get started in this recent article by attorney and WealthCounsel member, Whitney Sorrell.
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