What Is Trust Decanting and How Does It Work in Palm Beach?
Trust decanting is a legal process that allows an authorized trustee to distribute assets from an existing irrevocable trust into a new trust with updated terms. For families and fiduciaries in Palm Beach managing trusts that no longer align with current needs, Florida’s trust decanting statute under §736.04117 offers a powerful tool to restructure trust […]
What Is an Irrevocable Trust and How Does It Protect Palm Beach Families?
An irrevocable trust is a legal arrangement where the settlor transfers asset ownership into a trust that generally cannot be revoked or amended once established. For Palm Beach families seeking to shield wealth from creditors, reduce estate-tax exposure, or ensure controlled inheritances, an irrevocable trust serves as a powerful planning tool. Florida law governs these […]