California’s New Decanting Statute

California not too long ago enacted its decanting statute. The brand new regulation permits a licensed fiduciary to change the phrases of an irrevocable belief with out the beneficiaries’ consent or courtroom approval. However, the settlor’s intent should be preserved, and no beneficiary can object. Right here’s how the regulation compares to the Uniform Belief Decanting Act (UTDA) and different state decanting statutes.