10 reasons to consider decanting an irrevocable trust
Support trusts allow beneficiaries to receive distributions for their support, education, health and maintenance. However, depending on state statutes and case law, those trusts can be fair game to certain creditors, including divorcing spouses, according to Mr. Oshins. Decanting into a discretionary trust, however, grants absolute discretion over distributions to the trustee — and this protects the assets from all creditors.