How You Can Change an Irrevocable Trust: Decanting

June 11, 2018

Bottom Line Inc.

By: Gideon Rothschild

Trusts are often used to administer a family's wealth for many generations. So when you consider the fast pace of technology including advances in life expectancy and reproductive techniques - along with repeated changes in tax laws - it's no wonder that trust law and successful trust drafting have been significantly impacted.

The question is, have your trusts kept up so they'll still do what's intended or wanted? If not, it may be time for you to take an action called decanting.

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