Probate & Trust Law Section Conference Manual ... - Minnesota CLE

DECANTING: REFINING AN OLD VINTAGE TRUST
Susan T. Bart
Sidley Austin LLP
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To comply with certain Treasury regulations, we state that (i) this article is written to
support the promotion and marketing of the transactions or matters addressed herein, (ii) this
article is not intended or written to be used, and cannot be used, by any person for the purpose
of avoiding U.S. federal tax penalties that may be imposed on such person and (iii) each
taxpayer should seek advice based on the taxpayer’s particular circumstances from an
independent tax advisor.
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These seminar materials are intended to provide the reader with guidance in estate
planning. The materials do not constitute, and should not be treated as, legal advice
regarding the use of any particular estate planning technique or the tax consequences
associated with any such technique. Although every effort has been made to assure the
accuracy of these materials, the author and Sidley Austin LLP do not assume responsibility
for any individual’s reliance on these materials. The reader should independently verify all
statements made in the materials before applying them to a particular fact situation, and
should independently determine both the tax and nontax consequences of using any particular
estate planning technique before recommending or implementing that technique.