Asset Protection

2012 Changes in Virginia Trust Law (Part 2): Decanting & Directed Trusts

75px-Virginia-StateSeal.svg

Last week, we discussed in Part 1 of this topic how Virginia recently passed several bills that will revise state trust law on July 1, 2012.  Today, in Part 2, we will continue our discussion about these changes in the law. As a reminder, while these rules are currently the law in a minority of…

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2012 Changes in Virginia Trust Law (Part 1): Asset Protection Trusts

75px-Virginia-StateSeal.svg

Virginia recently passed several bills that will revise state trust law on July 1, 2012.  In this post and the following post, I will attempt to briefly describe these changes in the law, define key terms and discuss the effects of each.  Some of these rules are already in place in other states, but the…

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