Gavel to Gavel: What is trust decanting?

By: Courtney L. Kelley

The Journal Record

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“Decanting” is the act of pouring the assets of one trust into another trust. Think: wine. Like decanting wine, trust decanting can be a useful strategy for removing the old, unfavorable terms of a trust by allowing the trustee to transfer assets to a new trust. But concerns do exist, primarily regarding trustor intent and the wide discretion granted to trustees. Read the full article here