Decanting a trust is a legal process through which assets from one trust are poured (transferred) into a new trust with different terms. This process allows trustees to modify or update provisions of an irrevocable trust provided that certain conditions are met. The...
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Month: March 2024
Updating your estate plan when your spouse passes away
The loss of a spouse is a deeply emotional experience. In addition to grieving, there are practical matters that may need to be addressed, including updating your estate plan. Among other things, an estate plan may outline how your assets will be distributed after...