2020 Decanting Update

Presenter: Steven J. Oshins, JD, AEP (Distinguished) 

Change in format: This presentation is going to be provided in recorded format, rather than as a live webinar. You can still register for this event to receive the webinar recording and presentation materials. 

About this event:

Many years ago, an irrevocable trust was truly irrevocable.  However, with the creation of decanting statutes in many states, “irrevocable” no longer means irrevocable.  In this presentation, the presenter will explain how decanting works and many of the opportunities to decant that advisors may not recognize.  Whereas decanting is often viewed as a means of fixing a broken trust, the presenter will put more of the focus on decanting to enhance the asset protection, divorce protection and tax savings that can be obtained using a trust.

Learning Objectives:

1. Attendees will learn what decanting is and how it works
2. Attendees will learn what to look for in a trust to be able to recognize opportunities to help clients
3. Attendees will learn that different states’ decanting statutes are superior to those in other states
4. Attendees will learn how to increase the asset protection and divorce protection of a trust
5. Attendees will learn how to decant a trust in order to save federal and/or state income taxes

This is a complimentary webcast

Continuing Education Credit is available

1.0 CLE Pending: AK, AZ, AR, CA, GA, IL, FL, KS, ME, MO, NC, NJ, NY, OH, OK, OR, PA, TX, UT, VA, VT

1.0 CFP Pending (National CFP Board)

1.0 CPE (Taxes). NASBA Delivery Method: Group Internet-Based. In accordance with the standards of the National Registry of CPE Sponsors, CPE credits are based on a 50-minute hour. NASBA Sponsor ID 108255; and TX Board Public Accountancy Provider ID 9610. CPAs, please self-report to your state board of accountancy.

Program Knowledge Level: Intermediate
Delivery Method: Group Internet-Based
Recommended CPE Credit: 1.0 credit
Field of Study: Taxation
Prerequisites: JD
Advance Preparation: None
Review Date: 4/16/2020

For concerns and program cancellation policies, please contact our offices at 888-659-4069, ext 818 or education@wealthcounsel.com. 

WealthCounsel LLC is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.