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Trust decanting: A powerful estate-planning tool
When an irrevocable trust no longer serves its original intended purpose, it can sometimes be "decanted" -- that is, the trust property is distributed to a new trust that better meets the changed circumstances. However, advisers must be aware of various income, gift, estate and generation-skipping transfer tax issues that come with decanting. This article discusses the opportunities and what to watch out for.
CPA Insider (2/19)

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