Irrevocable trusts often can be modified. They can be modified under the Uniform Trust Code or a state law decanting. While these modifications may be determinative of the state law consequences, they may not determine federal tax consequences. Read this blog, by my friend and colleague Steve Hartnett, an estate planning expert, to learn more.
Latest posts by Timothy P. Murphy (see all)
- The Keys to a Successful Estate Plan - December 13, 2019
- Important Estate Planning Tools for the LGBTQ Community - December 11, 2019
- Don’t Accidently Disinherit Your Children - December 9, 2019