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Trusts New Legislation Decanting

Lathrop GPM

Important New Changes to Minnesota Estate and Trust Codes Coming August 1

Lathrop GPM on

The 2025 Minnesota legislative session produced several changes to Minnesota’s estate and trust codes, with most of the new laws taking effect on August 1. Many of the changes create important new planning opportunities for...more

BakerHostetler

Income Tax Reporting for Decanting

BakerHostetler on

Decanting refers to the distribution of trust property of one trust (the “first trust”) to another trust (the “second trust”). Over the past several years, the number of states specifically authorizing decanting by statute...more

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