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Decanting New York Trusts: EPTL 10-6.6 Significantly Revised

New York's decanting statute, EPTL 10-6.6 , was significantly amended by the 2011 Legislative Session. As a result, the trustee of a New York irrevocable trust has a much greater opportunity to decant assets from an existing trust to another trust. In this Analysis, Linda Hirschson, chair of Greenberg...

Morrison & Foerster LLP: Decanting a California Trust

By Joshua Glucoft,* Morrison & Foerster LLP In the administration of an irrevocable trust, situations can arise that were beyond the anticipation of the trustor. Therefore a trustee may want to "decant" a trust by transferring funds from one trust to another with preferable terms...