Decanting is a modern tool that allows trustees to adapt irrevocable trusts to current circumstances without court intervention. When used appropriately, it offers flexibility, cost savings, and enhanced protection for beneficiaries. Trustees must, however, respect state laws, honor fiduciary duties, and communicate openly with beneficiaries. By understanding the legal framework and potential pitfalls, trustees can use decanting to preserve and strengthen trust assets for gen

In today’s global society, it’s increasingly common for a U.S. citizen to be married to a spouse who is not a U.S. citizen. While most estate planning rules assume both spouses are citizens, mixed‑citizenship couples face unique challenges. The unlimited marital deduction—a central feature of the U.S. estate tax system—does not apply automatically when assets pass to a non‑U.S. citizen spouse. To avoid immediate estate taxes on the first spouse’s death, careful planning is re

Emotional intelligence is a vital skill for trustees who strive to manage trusts effectively while maintaining strong relationships with beneficiaries. By cultivating EI, trustees can navigate complex emotions, resolve conflicts, and foster goodwill, ultimately ensuring the trust’s success. Use this guide as a starting point to integrate emotional intelligence into your trust management practices, creating a positive legacy for beneficiaries.