California recently enacted its decanting statute. The new law allows an authorized fiduciary to modify the terms of an irrevocable trust without the beneficiaries’ consent or court approval. Nevertheless, the settlor’s intent must be preserved, and no beneficiary can object. Here’s how the law compares to the Uniform Trust Decanting Act (UTDA) and other state decanting statutes.
In his article for The Recorder, Principal John Hartog examines the recent passage of Proposition 19 and its tax implications.
Times of economic stress may reveal trust asset mismanagement. Alternative fee structures may provide a solution.
California recently enacted its decanting statute. The new law allows an authorized fiduciary to mod[..]
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