Patrick A. Kohlmann
Managing Partner, Temmerman, Cilley & Kohlmann, LLP
This program will review California’s recently enacted version of the Uniform Trust Decanting Act. Effective January 1, 2019, California will permit “decanting”. Decanting refers to the power to modify an existing trust, either by changing the terms of that trust or by distributing property from that trust to a second trust. The speaker will discuss when and how to decant and the benefits of decanting. This program will also include a discussion of the risks and pitfalls practitioners may experience when using decanting in their practice, and how to oppose a proposal to decant.
• California’s new Uniform Trust Decanting Act.
• “Decanting” to modify by changing terms or by distributing to a second trust.
• When and how to decant
• The benefits, risks and pitfalls of decanting
• What litigators need to know