New Jersey does not have a statute authorizing the decanting of trusts, but a "common-law decanting" can be accomplished thanks to ... Decanting an Irrevocable Trust Under NJ Common Law 9 minute read.

Other trusts, known as irrevocable trusts, also take effect during life but can’t be changed when desired. Or, at least not as easily. That’s an issue that comes up often.

It allows a fiduciary to distribute property from one irrevocable trust to another or to revise the terms of a trust. Skip to main content. Sign In Register. ... State common law.

In establishing and funding an irrevocable trust, a common question is who is responsible for the income tax liabilities associated with the trust? Many individuals assume that the trust is a ...

An irrevocable trust is more common than most people realize. It is the customary type of trust when one person – say a parent – sets up a trust for the benefit of another – say a child.

Rolling the dice on schemes, scams: IRS issues alerts on common law trust and other scams ... The general structure is that a third party (not you) sets up an irrevocable trust on your behalf.

An irrevocable trust is an important tool in that asset protection plan. Contact the experienced attorneys at Cona Elder Law to discuss your asset protection plan.

Do you know what is in your old trust documents? Too often people sign trusts and file them away and don't look at them. Dust off your old trusts and evaluate issues and planning opportunities.

Other irrevocable trusts can be created for charitable giving. Further, revocable trusts will become irrevocable upon the grantor’s death. Kevin R. Albaum is a shareholder with the law firm of ...

New Jersey does not have a statute authorizing the decanting of trusts, but a "common-law decanting" can be ... Decanting an Irrevocable Trust Under NJ Common Law 9 minute read. By. Lisa S ...