Trustee Unchained: Decanting Has Come to California
Patrick Kohlmann, Esq.
| 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, the benefits of decanting, as well as the risks and pitfalls practitioners may experience when using decanting in their practice.