Decanting

Decanting is a technique using to modify an irrevocable trust by having the trustee distribute the trust assets into a different irrevocable trust with different terms for one or more of the same beneficiaries of the first trust. This has become one of the most important techniques as more and more people realize that they would like to change their irrevocable trust. The presenter will take the attendees through this technique and provide examples illustrating situations when it can be used.
Learning Objectives:
*Learn why decanting is a technique that every estate planner should master

*Discover many of the situations where decanting can best be utilized

*Find out many of the differences among the states that have decanting statutes and how to use other states’ laws

*Become proficient in the steps used to decant a trust