Episode 8: Decanting to Modify an Existing Irrevocable Trust
8m
·
Worth It: Insights on wealth management and personal planning strategies.
·
In this episode of Worth It, Proskauer associates Jacob Wonn and James Muller discuss the idea of "decanting" irrevocable trusts and what that means for clients. Clients who have assets that might pass outright to their descendants may consider decanting to extend the term of the trust and provide additional management benefits and creditor protection to their descendants. So be sure to tune in and see why clients may consider decanting trusts that they have already formed.
The episode Episode 8: Decanting to Modify an Existing Irrevocable Trust from the podcast Worth It: Insights on wealth management and personal planning strategies. has a duration of
8:50. It was first published
More episodes from Worth It: Insights on wealth management and personal planning strategies.
Episode 10: You Can Turn Your Home Into Major Estate Tax Savings
In this episode of Worth It, Proskauer associates Jacob Wonn and Nathalie Stenmark discuss qualified personal residence trusts (also known as “QPRTs”), how they work, what the potential benefits are and why clients might consider this particular estate planning technique. With the current rising interest rate environment, there has been a renewed interest in QPRTs, so be sure to tune in!
Episode 9: Collecting Cryptocurrency After The Account Owner’s Death
Heirs of owners of cryptocurrencies have concerns that they will not be able to gain access to and collect cryptocurrencies after the death of the owner. In this episode of Worth It, partner Hank J. Leibowitz and associate James Muller describe the process that they went through in order to collect and liquidate the account of a decedent owning several cryptocurrencies held in a Coinbase account.
Episode 8: Decanting to Modify an Existing Irrevocable Trust
In this episode of Worth It, Proskauer associates Jacob Wonn and James Muller discuss the idea of "decanting" irrevocable trusts and what that means for clients. Clients who have assets that might pass outright to their descendants may consider decanting to extend the term of the trust and provide additional management benefits and creditor protection to their descendants. So be sure to tune in and see why clients may consider decanting trusts that they have already formed.
Episode 7: Lifetime Planning - The Benefits of Creating Lifetime Trusts for Children and Other Descendants
In this episode of Worth It, Proskauer Associate Dan Hatten and Senior Counsel Nathaniel Birdsall discuss why clients should strongly consider planning with lifetime trusts for their children, grandchildren and more remote descendants.
Episode 6: What Estate Planning Documents Does Every Client Need?
In this episode of Worth It, Proskauer partner Stephanie Heilborn and associate Dan Hatten discuss the standard estate planning documents every client needs, what those documents do, and why those documents are important to have in place.