what is decanting a trust
In cases in which a family is subject to a trust whose provisions do not account for significant changes to the business or the family, we may discuss the possibility of decanting the trust. Decanting a trust is a process in which the assets of an existing trust âpour intoâ a new trust, which is structured to address the incorrect or conflicting matter. Vogel worked with a family that had assets âtrappedâ inside a trust that would be included in the surviving spouseâs taxable estate.