Trust Decanting: A Sale Without Gain Realization
Jason Kleinman published an article in the American Bar Association's Real Property, Trust and Estate Law Journal on trust decanting. Jason's article describes why decanting or modifying a trust should not be a taxable event. While a common transaction in a trusts and estate practice, there remains a persistent lack of clarity on the transaction's income tax consequences which this article attempts to resolve. To read more, please click here.