Using Decanting to Change an Irrevocable Trust – with Case Studies!
There must be tens of thousands of people who have set up irrevocable trusts and now want to change the terms of the trusts. It is now possible, through a special technique called Decanting, to change many of the terms of the trusts. We call these trusts “Do-Over Trusts” because of the ability to make changes. Decanting a trust is the process of setting up a new irrevocable trust for one or more of the same beneficiaries and transferring the trust assets from the first trust to the new trust, thereby changing the terms.
One of the great features of this technique is that you don’t need millions of dollars in a trust for it to be helpful. Even a trust with a few hundred thousand dollars is a likely decanting candidate! This special webcast will examine how this can be done and why you may be missing opportunities for your clients. This webcast is designed for attorneys, CPAs, financial advisors, trust officers, and life insurance advisors who wish to take their practice to a new level. The webcast will be presented with a number of case studies so the attendees will be able to recognize opportunities to decant trusts. There is no telling how many new clients attendees will gain through having this special knowledge.
What You Will Learn
• What Decanting is and how it works.
• What types of changes can be made through Decanting and differences from state-to-state.
•New ways for your clients to benefit from having you as their advisor.
• Listen to case studies where the presenters will show you some of the ways to modify trusts through Decanting.
• Following the speaker presentations, you’ll have an opportunity to get answers to your specific questions during the interactive Q&A.
Presenters Mark Dreschler (Moderator) President, Premier Trust, Inc. Mark co-founded Premier Trust with Robert Bruderman in July 2001. He has been the Company’s president and CEO since inception. Mr. Dreschler oversees all aspects of business management and development as well as trust administration. Premier currently employs a staff of twenty-eight, with eight trust professionals. Mark has thirty-eight years of tenure in the trust industry.
Steven J. Oshins, Esq., AEP (Distinguished), Attorney Law Offices of Oshins & Associates, Las Vegas, Nevada Steve’s practice focuses on estate planning and asset protection. He was named Las Vegas Trusts and Estates Lawyer of the Year by The Best Lawyers in America® and was inducted into the NAEPC Estate Planning Hall of Fame® in 2011. He is a frequent national speaker and author on estate planning and asset protection. He authored or co-authored many of the valuable trust and creditor protection laws passed in Nevada.
Kristen E. Simmons, Esq., Attorney Law Offices of Oshins & Associates, Las Vegas, Nevada Kristen is an AV-rated attorney practicing in the areas of estate, business and asset protection planning. For the past six years, she has been named one of Nevada’s Rising Stars in the Mountain States Super Lawyers magazine in (1) Tax and in (2) Estate Planning & Probate, an honor earned by less than 2.5% of attorneys. She has written many articles on both basic and advanced estate and asset protection planning techniques.
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