While the concept of trust decanting dates back to as early as 1940, it has gained popularity in recent years and become an increasingly important tool for trust and estate professionals.  This presentation will discuss the history of the law of trust decanting, the common reasons for decanting trust assets, and the tax consequences of trust decanting.  This presentation will also discuss the specifics of trust decanting in Nebraska, including how to do it absent a trust decanting statute and the prospects of Nebraska adopting its own version the Uniform Trust Decanting Act.