CLE on Decanting Trusts: If It’s “Broke,” Can You Fix It?

The American Law Institute is holding a conference entitled: Decanting Trusts: If It’s “Broke,” Can You Fix It?, which will take place on Thursday, January 18, 2018, via telephone seminar and audio webcast. Provided below is a description of the event:

Why You Should Attend

Do you need to “fix” a trust? Have unforeseen circumstances made trust provisions difficult to administer? Are you drafting trusts for clients and want to make sure the trusts can adapt if things change months – or even years – from now? Do you want to enhance a trust to save taxes or protect its assets from creditors?

Decanting is a powerful tool that gives estate planners the flexibility to “fix” trust issues by creating a new trust or transferring assets into another pre-existing trust. Over 20 states have adopted decanting statutes, many with unique rules and requirements.

Whether you are drafting trusts for clients or need to re-assess existing trusts, join Steve Oshins and Robert Keebler as they explain when and how to decant trusts.

What You Will Learn

Topics include:

Reasons to decant a trust

State decanting statutes and some of the key distinctions between them

Private decanting

Tax issues that could arise from decanting trust

This replay was originally presented on May 2, 2017.

Have a question for the faculty? Send your questions to tsquestions@ali-cle.org.  Questions submitted during the program will be answered by email within two business days after the program. In addition, all registrants will receive a set of downloadable course materials.

Need this information now? Purchase the on-demand archive of this program here. Please note: questions submitted when taking the on-demand course may require more than two days for a response.

Who Should Attend

Estate planners and trust administrators should attend this program.