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I am providing this article and commentary because my office had a recent experience with Steve Oshins and his law firm. Thanks to Steve’s guidance and expertise, the outcome was very favorable for my client and his family.
– Michael J. Marion

A Guide to Trust Decanting

“Decanting is one of the most important developments in estate planning in a long time.” – Steve Oshins, Esq., AEP

    Click here for the article by Steve Oshins

    Click here for the commentary by Kristen Simmons

Kristen Simmons, EPLS, AEP is a member at the Law Offices of Oshins & Associates, LLC, Las Vegas, Nevada.

EXECUTIVE SUMMARY:  SB484 was approved by Nevada Governor Brian Sandoval on June 10, 2015 and became effective on October 1, 2015. Notably, SB484 allows Nevada irrevocable trusts greater flexibility by expanding the decanting laws and allowing for non-judicial settlement agreements.

By utilizing Nevada’s decanting laws, irrevocable trusts that contain terms which no longer meet a family’s needs because of changing circumstances can be altered and improved.

This commentary summarizes the changes made to the decanting laws and outlines Nevada’s new, non-judicial settlement agreement statute.