Trust Decanting in Michigan Ten Years Later

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Michigan's trust decanting statutes will be celebrating their 10-year anniversary this year. We cover what changes to irrevocable trusts can and cannot be made. It will also touch upon the tax consequences of trust decanting.

Basic Course Information

Learning Objectives

• Identify and evaluate the permissible changes to irrevocable trusts under Michigan's trust decanting statutes and assess their tax implications.

 

 

 

Major Subjects

• What is Trust Decanting
• Tax Matters
• Accessing Perpetuity
• Keeping it in the Bloodlines