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Maryland’s New Trust Decanting Act

Description

This seminar will cover:

Part 1: Key Provisions of Maryland’s New Trust Decanting Act. Participants will learn when the statute allows a trustee to modify a trust through decanting and what terms may or may not be changed.

Part 2: Tax Considerations. This hour will focus on the income, gift, and generation-skipping transfer tax consequences that a trustee should consider before decanting.

Part 3: Decanting in Practice. Participants will learn the practical aspects of decanting such as whether to retitle assets, what documents to prepare, and whether to get a new EIN. Examples of common fact patterns will be considered.

 

3.0 hours of CLE credit will be offered by the surrounding MCLE states.

Course Level
TBD
Professional Area of Focus
General Practice
Estate and Trust Law
Elder Law
CLE Field of Study
Continuing Education Legal Credit
3.0
Event Information
When
Available 24/7
Location
Online
Total CLE Credits
3
Format
On-Demand

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$159.00

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$259.00
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Maryland’s New Trust Decanting Act