Alert September 03, 2013

Goodwin Procter Alert: Massachusetts Supreme Judicial Court Decision Affirms Trustee Decanting Authority

Goodwin Procter issued a client alert that discusses the Massachusetts Supreme Judicial Court’s decision in Morse v. Kraft regarding the ability of a trustee to decant trust assets by distributing them to a new trust in lieu of making an outright distribution to the beneficiary, and the decision’s potential implications for existing irrevocable and revocable trusts.