Before You Pour: A Few Tax Considerations When Decanting

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by Matthew T. McClintock, JD | Vice President - Education, WealthCounsel

As we continue to dig deeper into trust decanting, there are some tax considerations that every estate planner be aware of when decanting trusts.The IRS has not provided much guidance on the tax implications of decanting beyond highlighting a series of decanting-related issues that may trigger tax liability. One of the most important tax-related issues to resolve is the nature and identity of the decanted trust for tax purposes, but there are many others.

Download this article to learn 6 key questions you should be asking.