Decanting 101

Steve Oshins and the Peak Trust Company recently did an excellent webinar on decanting trusts (slides). A client may have an irrevocable trust that worked great before, but now needs to be changed, and usually irrevocable trusts are set in stone and can’t be changed. Enter decanting. Decanting by statute (Missouri) or common law (Kansas) allows an irrevocable trust to be changed to meet the beneficiary’s evolving needs and help the trustee to more productively manage the assets in the beneficiary’s best interests.

My law firmJohnson Law KC LLC, is experienced counseling clients from all stages and walks of life on every aspect of trusts and estate planning, including decanting. We can help you answer your legal questions with confidence and friendly expertise. If we can serve you or your family with your trust or estate planning questions, please call (913.707.9220) or email us (steve@johnsonlawkc.com) to schedule a free, convenient consultation.

(c) 2016, Stephen M. Johnson, Esq.

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New ACTEC Commentary

The American College of Trust and Estate Counsel (ACTEC) just published the 5th edition (free PDF) of their Commentaries on the Model Rules of Professional Conduct (2016), which helps attorneys interpret the legal ethics rules. This is a great reference resource for attorneys (regardless of ACTEC membership) involved in estate planning or probate law, and updates/supersedes the 4th edition published in 2006.

My law firmJohnson Law KC LLC, works with clients on estate planning and probate matters to help clients take care of their legal needs quickly and inexpensively, and we have experience counseling clients on probate, estate planning, and trust administration. Call (913.707.9220) or email me (steve@johnsonlawkc.com) to schedule a free, convenient consultation.

(c) 2016, Stephen M. Johnson, Esq.