Report

Decanting - Trust Modification Options, Overview of Decanting Laws and Pitfalls

 
In this report you will learn about trust decanting. "'Decant' means to pour liquid (often wine) from one vessel to another. When applied to trusts, the 'liquid' is the trust corpus and the vessels are the trust instruments." Our faculty, attorney H. Wes Taylor, begins this report with a brief review on trust modification options. He then provides an overview of decanting including an explanation of what decanting is used for and recent trends in state decanting laws. Trust creation is also explained with details regarding beneficiaries, distribution standards and trust nomenclature. Mr. Taylor wraps up the report with information on the pitfalls of trust decanting.

Faculty

H. Wes Taylor

H. Wes Taylor

Foley & Lardner LLP

Agenda

Faculty

H. Wes Taylor

H. Wes Taylor

Foley & Lardner LLP

  • Attorney with Foley & Lardner LLP in the Estates & Trusts Practice
  • Practices in the areas of estate planning, tax planning, probate and elder law
  • Has given several presentations on trust and estate law and has prepared documents for both court-authorized and non-judicial decanting
  • J.D. degree, University of Wisconsin; M.S. degree, Yale University; B.S. degree, College of William and Mary
  • Can be contacted at 608-258-4213 or [email protected]

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