An irrevocable trust is no longer irrevocable. Many years ago, when a client asked to amend his or her irrevocable trust, the answer was usually “no.” But there are now decanting statutes in 29 states that allow a trustee to distribute trust assets into a new irrevocable trust for the benefit of one or more beneficiaries of the current trust. Because of its popularity, estate planners must be aware of how decanting works and where the opportunities lie. Every January, Steve Oshins releases his Annual Trust Decanting State Rankings Chart. But now he is also releasing many of the planning techniques that can be used via a trust decanting to increase your firm’s revenue and help your clients. Whether you’re an attorney, an accountant, a trust officer, or a financial planner, it is crucial for you to attend this very important webinar. In total, you will have 60 minutes of exciting, informative discussion.
In this webinar, you will:
- Learn how decanting works, including who has the power to decant
- Get a step-by-step explanation of many of the differences among the different states that have decanting statutes
- Discover planning opportunities to protect trust assets from creditors using the decanting technique
- Find out different ways to decant trusts to save federal and state income taxes
- Learn why decanting is no longer simply about fixing an error in a trust agreement
- Explore what to do when there’s no decanting statute
- Hear about 12 popular decanting strategies to enhance or fix a trust
- And much more!
Program Knowledge Level: Intermediate
Delivery Method: Group Internet-Based
Recommended CPE Credit: 1.0 credit
Field of Study: Taxation
Advance Preparation: None
Review Date: 10/30/2019
1.0 CLE (California Board of Legal Specialization - Estate Planning)
1.0 CFP credit pending (National CFP Board)
For information on refunds, concerns, and program cancellation policies, please contact our offices at 888-659-4069, ext 818 or firstname.lastname@example.org.
WealthCounsel LLC is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org. NASBA Sponsor ID 108255.
We have registered with the Texas State Board of Public Accountancy as a CPE sponsor. This registration does not constitute an endorsement by the Board as to the quality of our CPE program. Texas State Board Sponsor ID 9610.
This webinar is included for Trusts & Estates Subscribers and provided live complimentary for Business Law Subscribers
Regular Price: $139 | Trusts & Estates Price: $0 | Gun Law Price: $139 | Business Law Price: $0 (Website access not included) | Practice Development Price: $139