Trust Decanting: Recent State Laws and Challenges for Estate Planners
Note: CPE credit is not offered on this program
Recording of a 90-minute CLE webinar with Q&A
This CLE course will review situations where trust decanting may be appropriate. The panelists will discuss decanting statutes, the potential tax issues associated therewith, critical legal issues for trust decanting, and significant case law approving and disapproving attempts to decant.
Outline
- Benefits of decanting
- Common law and state decanting statutes
- Common pitfalls
- Best practice strategies and fiduciary duties
- Developing case law
Benefits
The panel will review these and other key issues:
- What types of situations are most appropriate for decanting?
- What are the most common pitfalls and risks in decanting?
- Fiduciary duties
- Developing case law
Faculty
Philip C. Corbo
Shareholder
Orloff Lowenbach Stifelman & Siegel
Mr. Corbo practices in tax and estate planning for individuals, including business executives, professionals, and... | Read More
Mr. Corbo practices in tax and estate planning for individuals, including business executives, professionals, and owners of closely-held businesses, estate and trust administration, including preparation of federal and state estate tax returns, state inheritance tax returns, and federal gift tax returns and generation-skipping transfer tax planning.
Close
Craig A. Ollenschleger
Shareholder
Orloff Lowenbach Stifelman & Siegel
Mr. Ollenschleger's experience inlcudes commercial litigation and arbitration (including disputes arising under the... | Read More
Mr. Ollenschleger's experience inlcudes commercial litigation and arbitration (including disputes arising under the Uniform Commercial Code), contract actions (including real estate disputes), appellate practice, business torts (including unfair competition and restrictive covenant litigation), shareholder, partnership and limited liability membership disputes (including representation of minority members), disputes relating to acquisitions and dispositions of businesses, chancery jurisprudence (including fiduciary litigation), professional malpractice litigation, defense of class-action and consumer fraud lawsuits, land use litigation and intellectual property litigation.
Close