Understand relevant issues in trust decanting and learn provisions of the draft Uniform Trust Decanting Act.
Discuss topics including methods and structure of trust decanting, notice requirements, application of fiduciary duty, tax consequences, significance of the trustee's distribution discretion, decanting for a disabled beneficiary, decanting limitations, trustee exculpation and additional topics. Receive an introduction to decanting, cover the fundamentals and investigate several advanced decanting issues. Estate planners, tax and financial professionals, trustees and wealth management professionals will gain a greater understanding of the applications, limitations, benefits and consequences of trust decanting.
Speaker: H. Wes Taylor
Course Content:
Trust Modification Options
Decanting Overview
Decanting Goals and Purposes
State Decanting Laws
Draft Uniform Trust Decanting Act
Pitfalls