Mastering Trust Decanting for Attorneys: Legal Strategies and Tax Considerations
Trust decanting is a complex yet powerful tool in the realm of trust law, enabling trustees to modify irrevocable trusts to better align with the settlor's original objectives or adapt to changing circumstances.
This course delves deep into the legal and tax intricacies of trust decanting, with a specific focus on the implications for attorneys and legal professionals. Through comprehensive case studies, practical insights, and discussions surrounding key dates and terminology, participants will gain the knowledge and skills necessary to navigate trust decanting effectively.
Key topics discussed:
Salvatore J. LaMendola, Esq. has been a member of the Trusts and Estates Practice Group at Giarmarco, Mullins & Horton, P.C. since 1996. Sal received his J.D. from the Notre Dame Law School and holds a B.B.A. from the University of Notre Dame. His main practice areas are general estate planning; amending irrevocable trusts through trust decanting, exercises of power of appointment, and other techniques; pre-death and post-death planning for IRAs and other retirement plans; and charitable planning with charitable remainder trusts, charitable lead trusts, and private foundations. Sal is a member of the Probate & Estate Planning Section of the State Bar of Michigan. He is also a regular continuing education presenter for legal education webinar providers Rossdale of Miami, FL and Strafford of Dallas, TX. He also serves on Strafford's Estate Planning Advisory Board for Strafford and on the InterActive Legal Practice Advisory Board.
