{"id":3144,"date":"2018-01-31T13:28:48","date_gmt":"2018-01-31T18:28:48","guid":{"rendered":"https:\/\/www.lindabury.com\/firm\/?p=3144"},"modified":"2018-08-14T13:18:11","modified_gmt":"2018-08-14T17:18:11","slug":"practical-considerations-attorneys-trustees-trust-decanting-matter-kroll","status":"publish","type":"post","link":"https:\/\/www.lindabury.com\/firm\/insights\/practical-considerations-attorneys-trustees-trust-decanting-matter-kroll.html","title":{"rendered":"Practical Considerations for Attorneys and Trustees: Trust Decanting After Matter of Kroll"},"content":{"rendered":"<p>The New York \u201ctrust decanting statute\u201d (EPTL 10-6.6) was significantly revised in August 2011.\u00a0\u00a0Although commentary and analysis of the new statute appeared almost immediately from practitioners, it was not until late 2013 that the judiciary joined the conversation. In <em>Matter of Kroll<\/em>,<sup>1<\/sup> the Surrogate\u2019s Court of Nassau County was faced with a challenge to a trustee\u2019s exercise of appointing trust assets from a lifetime trust to a supplemental needs trust (SNT). The decision is noteworthy not only because it is the first to analyze the revised statute, but also because it serves as an important reminder for all trustees and attorneys to draft flexible trust instruments, to stay current with the needs of beneficiaries, and not to delay when changed circumstances necessitate a change to the trust.<\/p>\n<p><strong>A. Statutory Background<\/strong><\/p>\n<p>In 1992, New York was at the forefront of trust law when it enacted EPTL 10-6.6, which allowed trustees\u00a0with unlimited discretion over distributions of principal to appoint trust assets to another trust. The statute\u00a0was essentially unchanged for almost 20 years, during which time it became evident that the statute had limited applicability. The revised statute now permits all trustees, regardless of their scope of authority, to decant, but they must maintain certain provisions of the original trust in the new trust and cannot eliminate or reduce the interests of current beneficiaries.<\/p>\n<div class=\"read_more_link\"><a href=\"https:\/\/www.lindabury.com\/firm\/insights\/practical-considerations-attorneys-trustees-trust-decanting-matter-kroll.html\"  title=\"Continue Reading Practical Considerations for Attorneys and Trustees: Trust Decanting After Matter of Kroll\" class=\"more-link\">Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The New York \u201ctrust decanting statute\u201d (EPTL 10-6.6) was significantly revised in August 2011.\u00a0\u00a0Although commentary and analysis of the new statute appeared almost immediately from practitioners, it was not until late 2013 that the judiciary joined the conversation. In Matter of Kroll,1 the Surrogate\u2019s Court of Nassau County was faced with a challenge to a [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[320,65,343],"tags":[],"coauthors":[322],"class_list":["post-3144","post","type-post","status-publish","format-standard","hentry","category-candido","category-insights","category-wills-trusts-estates-insights"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Practical Considerations for Attorneys and Trustees: Trust Decanting After Matter of Kroll &#8212; January 31, 2018 &#8212; Lindabury, McCormick, Estabrook &amp; Cooper, P.C. Firm News &amp; Events<\/title>\n<meta name=\"description\" content=\"The New York \u201ctrust decanting statute\u201d (EPTL 10-6.6) was significantly revised in August 2011.\u00a0\u00a0Although commentary and analysis of the new statute\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.lindabury.com\/firm\/insights\/practical-considerations-attorneys-trustees-trust-decanting-matter-kroll.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Practical Considerations for Attorneys and Trustees: Trust Decanting After Matter of Kroll &#8212; January 31, 2018 &#8212; Lindabury, McCormick, Estabrook &amp; Cooper, P.C. Firm News &amp; Events\" \/>\n<meta property=\"og:description\" content=\"The New York \u201ctrust decanting statute\u201d (EPTL 10-6.6) was significantly revised in August 2011.\u00a0\u00a0Although commentary and analysis of the new statute\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.lindabury.com\/firm\/insights\/practical-considerations-attorneys-trustees-trust-decanting-matter-kroll.html\" \/>\n<meta property=\"og:site_name\" content=\"Lindabury, McCormick, Estabrook &amp; Cooper, P.C. 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Firm News &amp; Events","description":"The New York \u201ctrust decanting statute\u201d (EPTL 10-6.6) was significantly revised in August 2011.\u00a0\u00a0Although commentary and analysis of the new statute","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.lindabury.com\/firm\/insights\/practical-considerations-attorneys-trustees-trust-decanting-matter-kroll.html","og_locale":"en_US","og_type":"article","og_title":"Practical Considerations for Attorneys and Trustees: Trust Decanting After Matter of Kroll &#8212; January 31, 2018 &#8212; Lindabury, McCormick, Estabrook &amp; Cooper, P.C. Firm News &amp; Events","og_description":"The New York \u201ctrust decanting statute\u201d (EPTL 10-6.6) was significantly revised in August 2011.\u00a0\u00a0Although commentary and analysis of the new statute","og_url":"https:\/\/www.lindabury.com\/firm\/insights\/practical-considerations-attorneys-trustees-trust-decanting-matter-kroll.html","og_site_name":"Lindabury, McCormick, Estabrook &amp; Cooper, P.C. Firm News &amp; Events","article_published_time":"2018-01-31T18:28:48+00:00","article_modified_time":"2018-08-14T17:18:11+00:00","author":"Elizabeth Candido Petite","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Elizabeth Candido Petite","Est. reading time":"7 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.lindabury.com\/firm\/insights\/practical-considerations-attorneys-trustees-trust-decanting-matter-kroll.html#article","isPartOf":{"@id":"https:\/\/www.lindabury.com\/firm\/insights\/practical-considerations-attorneys-trustees-trust-decanting-matter-kroll.html"},"author":{"name":"Lindabury, McCormick, Estabrook &amp; Cooper, P.C.","@id":"https:\/\/www.lindabury.com\/firm\/#\/schema\/person\/429b3bd6b52a7aa6eb9a0709bbb4d06f"},"headline":"Practical Considerations for Attorneys and Trustees: Trust Decanting After Matter of Kroll","datePublished":"2018-01-31T18:28:48+00:00","dateModified":"2018-08-14T17:18:11+00:00","mainEntityOfPage":{"@id":"https:\/\/www.lindabury.com\/firm\/insights\/practical-considerations-attorneys-trustees-trust-decanting-matter-kroll.html"},"wordCount":1322,"articleSection":["Elizabeth Candido Petite","Insights","Wills, Trusts &amp; Estates"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.lindabury.com\/firm\/insights\/practical-considerations-attorneys-trustees-trust-decanting-matter-kroll.html","url":"https:\/\/www.lindabury.com\/firm\/insights\/practical-considerations-attorneys-trustees-trust-decanting-matter-kroll.html","name":"Practical Considerations for Attorneys and Trustees: Trust Decanting After Matter of Kroll &#8212; January 31, 2018 &#8212; Lindabury, McCormick, Estabrook &amp; Cooper, P.C. 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