Decanting and Friends – Modifying Irrevocable Trusts, Part 1

Decanting and Friends – Modifying Irrevocable Trusts, Part 1

CLE Eligible

The more irrevocable trusts we create, the more we understand the need to keep them up to date.  Family changes, legal changes, and the need to incorporate new opportunities all require flexibility in our irrevocable trusts.  This session covers the various techniques for modifying irrevocable trusts, with particular emphasis on Decanting and Trust Protector. We will discuss state law differences, and under what circumstances one method works best. We will also include practice tips on drafting in Wealth Docx® and ElderDocx® to take maximum advantage of these opportunities.