It used to be an irrevocable trust was really irrevocable. Now 25 states allow you to change the terms of an old trust by a newfangled process called decanting. It’s done without going to court, ...
In their Wills, Estates and Surrogate's Practice column, Peter C. Valente and Susan P. Witkin, partners at Blank Rome, write that the new provisions of EPTL 10-6.6 bring considerable clarity and a ...
In 1992, New York became the first state in the nation to enact a decanting statute, namely, New York Estates, Powers and Trusts Law (EPTL) 10-6.6. The statute subsequently was modified several times.
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