EPI 2018: Decanting Trusts and Directed Trusts
In this practical program, Laura Zeigler and Phil Hayes discuss two popular and powerful estate planning tools: decanting trusts and directed trusts.
1.5 hours MCLE Credit, including 1.5 hours in Estate Planning and 1.5 hours in Estate, Gift Tax and Estate Planning
Join Laura Zeigler and Phil Hayes as they discuss decanting trusts and directed trusts.
Although there are many ways to modify irrevocable inter-vivos and testamentary trusts, one of the more popular tools is decanting. Decanting is considered to be the ultimate amendment power because it allows a single party, usually a trustee, to modify a trust without court involvement or beneficiary consent.
- Notice requirements
- IRS position
- Federal tax consequences
- GST tax issues
- Safe harbors
- State and local taxing
- Other pitfalls
Directed trusts are more popular than ever. A directed trust bifurcates traditional trustee duties between the trustee and a third party fiduciary and protects the trustee from liability for following the direction of the third party fiduciary.
- What is a directed trust?
- Fiduciary duty of trust director
- Duties of directed trustee
- Powers of trust director
- Uses of a directed trust
This program assumes considerable experience in estate planning.
This program is part of EPI 2018: The 40th Annual UCLA/CEB Estate Planning Institute.