A Guide to Trust Decanting (and Reasons Why)

Decanting is the act of distributing the assets of an old trust to a new one with more desirable terms. It provides an easy method for correcting errors or ambiguities, adapting a trust to changes in a settlor’s objectives or changes in a beneficiary’s circumstances, taking advantage of new planning opportunities or adding flexibility to a trust. Reasons to Decant Decanting can be used to improve a trust in numerous ways. Correcting drafting errors or clarifying ambiguities. These are the most basic reasons for decanting. Older trusts without trust protectors are now easy to […]