In This Issue:
- Decanting breathes new life into an old trust
- Estate planning 101: Choosing a trustee for your living trust
- Is your estate liquid enough to cover estate taxes?
- Estate Planning Pitfall: You haven’t covered all your bases since your divorce
Excerpt from Decanting breathes new life into an old trust
Decanting a bottle of wine — that is, pouring it into another container — helps to remove sediment and allows the wine to “breathe.” In the same vein, decanting can breathe new life into an irrevocable trust. This process, which is permitted in many states, allows a trustee to use his or her distribution powers to “pour” funds from one trust into another trust with different terms.
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