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 on to learn more.
Consequences of Modifying an Irrevocable Trust
- The Importance of Having an Estate Plan - February 2, 2023
- Tax Planning for 2023 - January 26, 2023
- Tis the Season for Giving - January 19, 2023