Estate Planning Partner Stephen J. Pagano spoke to the members of the Estate Planning Council of Central New Jersey on November 19, 2025 on irrevocable trusts. In his presentation "Amend, Revoke, Decant – Navigating the Flexibility of Irrevocable Trusts," Steve provided insights and commentary on:
- Exploring Legal Pathways for Flexibility: Understand the statutory and common law mechanisms available to modify irrevocable trusts, including amendment, revocation, and decanting
- Assessing Practical Applications and Limitations: Learn when and how these tools can be used effectively, including tax implications, fiduciary duties, and beneficiary considerations
- Case Studies and Strategic Insights: Review real-world examples and planning strategies to help advisors and trustees navigate complex trust structures with confidence
The meeting was held at the Jumping Brook Country Club in Neptune.