When & How to Decant Trusts
Understand this powerful tool for leaving behind unwanted trust terms
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- Product Number: 2210084WBA
- Publication Date: 11/9/2020
- Length: 1 Hour CLE Credit Note
- Copyright: © 2020 MCLE, Inc.
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Product Description
Product Description
Decanting has been gaining in popularity, but what is it and when can you do it? Decanting is the act of pouring assets from one trust to another, leaving behind the unwanted terms of the original trust. Decanting is a powerful tool, but should only be done after careful consideration.- When should you consider decanting a trust?
- How should it be done?
- Do you have the power to decant?
- Do you have an irrevocable trust with less-than-desirable terms?
- Has your beneficiary become disabled and the trust no longer works for them?
Considering decanting? Hear an overview of the current laws on decanting, and when and how you should consider decanting an irrevocable trust. Sharpen your toolkit. -
Agenda
Agenda & Materials
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2:00 - 2:05 pm
History of Decanting
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2:05 - 2:15 pm
Current State of the Law on Decanting
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2:15 - 2:25 pm
Proposed Adoption of the Uniform Trust Decanting Act in Massachusetts
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2:25 - 2:35 pm
When to Decant—Considerations to Make Before Decanting
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2:35 - 2:45 pm
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2:45 - 2:55 pm
Other Options to Decanting—Judicial and Non-Judicial Settlement Agreements and Modifications
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2:55 - 3:00 pm
"Ask the Experts" Q&A Session and Key Takeaways
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