Decanting Irrevocable Trusts in Arizona
Decanting an Irrevocable Trust is the process of creating another trust with different terms and funding the new Trust with the original irrevocable trust. Some states have statutes that allow this while other jurisdictions do not. Decanting Irrevocable Trusts is not done very often, but in some cases is necessary. It definitely warrants hiring an estate planning attorney. The attorneys at Magellan Law can help you decant your outdated irrevocable trust. Feel free to contact us for an initial complimentary consultation regarding all of your Trust needs. We will review your current trust and make suggestions if anything should be changed.