Decanting has been gaining in popularity, but what is it and when can you do it? Decanting is the act of pouring assets from one trust to another, leaving behind the unwanted terms of the original trust. Decanting is a powerful tool, but should only be done after careful consideration.
When should you consider decanting a trust?
How should it be done?
Do you have the power to decant?
Do you have an irrevocable trust with less-than-desirable terms?
Has your beneficiary become disabled and the trust no longer works for them?
Considering decanting? Hear an overview of the current laws on decanting, and when and how you should consider decanting an irrevocable trust. Sharpen your toolkit.
When should you consider decanting a trust?
How should it be done?
Do you have the power to decant?
Do you have an irrevocable trust with less-than-desirable terms?
Has your beneficiary become disabled and the trust no longer works for them?
Considering decanting? Hear an overview of the current laws on decanting, and when and how you should consider decanting an irrevocable trust. Sharpen your toolkit.
Course Content
2:00 - 2:05 pmHistory of Decanting
Shani Rea Collymore, Esq.,
Cody, Cody & McCarthy LLC, Quincy
2:05 - 2:15 pm
Current State of the Law on Decanting
Shani Rea Collymore, Esq.,
Cody, Cody & McCarthy LLC, Quincy
Karen B. Johnson, Esq.,
Madge & Johnson, PC, Westford
2:15 - 2:25 pm
Proposed Adoption of the Uniform Trust Decanting Act in Massachusetts
Shani Rea Collymore, Esq.,
Cody, Cody & McCarthy LLC, Quincy
Karen B. Johnson, Esq.,
Madge & Johnson, PC, Westford
2:25 - 2:35 pm
When to Decant - Considerations to Make Before Decanting
Shani Rea Collymore, Esq.,
Cody, Cody & McCarthy LLC, Quincy
2:35 - 2:45 pm
How to Decant
Karen B. Johnson, Esq.,
Madge & Johnson, PC, Westford
2:45 - 2:55 pm
Other Options to Decanting - Judicial and Non-Judicial Settlement Agreements and Modifications
Shani Rea Collymore, Esq.,
Cody, Cody & McCarthy LLC, Quincy
Karen B. Johnson, Esq.,
Madge & Johnson, PC, Westford
2:55 - 3:00 pm
'Ask the Experts' Q&A Session and Key Takeaways
Shani Rea Collymore, Esq.,
Cody, Cody & McCarthy LLC, Quincy
Karen B. Johnson, Esq.,
Madge & Johnson, PC, Westford
Please Note
This webcast is delivered completely online, underscoring their convenience and appeal.
There are no published print materials. All written materials are available electronically only.
They are posted 24 hours prior to the program and can be accessed, downloaded, or printed from your computer.
Speakers
FacultyShani Rea Collymore, Esq.,
Cody, Cody & McCarthy LLC, Quincy
Karen B. Johnson, Esq.,
Madge & Johnson, PC, Westford
