Thursday, November 14, 2024
11:25 AM
to
12:25 PM
Back to Event
Estates and Probate Track
Presented by the Estates and Probate, Tax, and Business Law Sections
About the Program
The Connecticut Uniform Trust Decanting Act (“CUTDA”) will be effective January 1, 2025. This program will educate estate planning practitioners about trust decanting generally – what is it, who can do it, and why. We will detail the procedures to effectuate a decanting under the CUTDA and explain how its provisions conform with and differ from the uniform law and other notable examples of decanting statutes. We will consider the income, gift, estate and GST tax treatment and consequences to the grantor of an exercise of the power to decant. Last, we will review other fiduciary considerations in determining whether, where and how to decant.
You Will Learn
- How, when and why it may be beneficial to exercise a power to decant, including under the CUTDA
Who Should Attend
Estate planning attorneys with an interest in learning how and when to use the CUTDA.
Credit
CT: 1.0 CLE Credit (General)
NY: 1.0 CLE Credit (AOP)
The Connecticut Bar Association/CT Bar Institute is an accredited provider of New York State CLE. This program qualifies for newly admitted and experienced attorneys CLE credits.
Attorneys seeking NY CLE credit who have been admitted to the New York State Bar for two years or less must attend the live seminar for skills or ethics credit, a fully interactive videoconference, or simultaneous transmission with synchronous interactivity. Diversity, Inclusion and Elimination of Bias CLE credits are only available as non-transitional credits. For further information please see the NYCourts.gov page on CLE: http://ww2.nycourts.gov/attorneys/cle/index.shtml.