Decanting an irrevocable trust in washington state. We would like to show you a description here but the site won’t allow us. When used appropriately, it offers flexibility, cost savings, and enhanced protection for beneficiaries. 050 - Decanting statute—Effects and consequences of an exercise of the decanting power. Making Inflexible Trusts Flexible: The Modification, Division, Termination and Decanting of Irrevocable Trusts - Timothy M. A trust is its own legal entity, separate from the person who establishes it. Strategic Influence: Attracting and Retaining Ultra High Net Work Clients - Lauren Paxton, Esq. 2 days ago · Trust Decanting Decanting allows a trustee to transfer assets from an existing irrevocable trust into a new trust with updated administrative terms. 060 - Decanting statute—Trust for beneficiary with a disability. Think of it as pouring the same assets into a different container. 040 - Decanting statute—Procedure to exercise decanting power.