Breathe new life into a trust by “decanting” it
$225.00
Description
Abstract: The term “decanting” typically is associated with wine. But, in regard to an irrevocable trust, decanting allows a trustee to use his or her distribution powers to “pour” funds from one trust into another with different terms. Doing so provides the trustee with additional flexibility in light of changing tax laws or family circumstances. This article answers several frequently asked questions regarding decanting a trust.
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