Trust Decanting: Flexibility and Danger
Achieving Tax Benefits, Revising Fiduciary Powers, and Mitigating Trustee Liability
Recording of a 90-minute CLE/CPE webinar with Q&A
This CLE webinar will review when situations where a trust decanting may be appropriate and highlight differences in the state decanting statutes. They will also discuss the newly enacted Uniform Trust Decanting Act.
- Benefits of decanting
- Common law and state decanting statutes
- Common pitfalls
- Best practice strategies and ethical considerations
The panel will review these and other key issues:
- How do state decanting statutes differ? What new state laws are anticipated?
- What is the Uniform Trust Decanting Act?
- What types of situations are most appropriate for decanting?
- What are the most common pitfalls and risks in decanting?
- How can counsel anticipate the need for future decanting when preparing trust documents?
Meryl G. Finkelstein
Brick & Patel
Ms. Finkelstein counsels clients on a wide variety of complex estate planning, business succession and wealth transfer... | Read More
Ms. Finkelstein counsels clients on a wide variety of complex estate planning, business succession and wealth transfer issues and also has extensive experience in the administration of trusts and estates and the handling of estate and gift tax matters, including IRS audits and proceedings before the United States Tax Court. As a member of the Estate and Gift Taxation Committee of the Association of the Bar of the City of New York, she served on a subcommittee that drafted the initial version of the revised New York decanting legislation that was enacted in August, 2011, and is a frequent speaker on the subject of trust decanting.Close
Todd A. Flubacher
Morris Nichols Arsht & Tunnell
Mr. Flubacher represents individuals in matters involving complex estate planning, asset protection, estate... | Read More
Mr. Flubacher represents individuals in matters involving complex estate planning, asset protection, estate administration, trust and estate litigation and state and federal taxation advice. His practice emphasizes the unique aspects of Delaware trust law, including asset protection trusts, dynasty trusts, and deferred income charitable remainder trusts. He is a published author on decanting issues.Close