Category Archives: Decanting

Modifying or “Decanting” Irrevocable Trusts: New York’s Decanting Statute Annotated

Posted on August 8, 2013 by David L. Silverman, J.D., LL.M. (Taxation)
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New York’s Revised Decanting Statute Under EPTL §10-6.6

Posted on October 9, 2012 by David L. Silverman, J.D., LL.M. (Taxation)

View Article in PDF:  New York’s Revised Decanting Statute Under EPTL §10-6-6 ESTATE PLANNING MEMORANDUM DATE:    October 10, 2012 RE:        New York’s Revised Decanting Statute Under EPTL §10-6-6 Under the Uniform Trust Code and EPTL §10-6.6, a noncharitable irrevocable … Continue reading →

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Modifying or “Decanting” Irrevocable Trusts

Posted on June 5, 2010 by David L. Silverman, J.D., LL.M. (Taxation)

Despite the best efforts of drafters to contemplate unforeseen circumstances, situations arise where dispositive trust provisions may not reflect the present circumstances of beneficiaries. If the trust is revocable, and the grantor is alive, the grantor may revoke or amend the trust. However, trusts are often made irrevocable for tax or asset protection purposes. In those cases, revoking the trust, while not impossible, may be extremely difficult, especially if minor beneficiaries are involved. Continue reading →

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