Pub. 2 2020 Issue 6

On August 15, 2020, Gov. Pete Ricketts signed LB 808 into law, introducing the Uniform Trust Decanting Act (UTDA) to Nebraska, with an effective date of November 13, 2020.1 Nebraska now becomes the 10th state in the union to enact the UTDA, and one of 31 states to enact specific legislation relating to trust decanting. With local decanting legislation now on the books, Nebraska practitioners are likely eager to understand the potential uses, benefits, and risks of decanting.

2020 continues to be an unprecedented year with
more changes than anyone ever expected. The Nebraska Board of Public Accountancy has been monitoring the outbreak of COVID-19 and its impact since it began in March 2020. The State Board has been committed to maintaining operations throughout this time and being available to licensees, firms, exam candidates, and the public. The office has been operating on the State Board’s Partial Contingency Plan, which means the office is manned by one staff member while other staff are working remotely from home. All staff members remain available through phone and email services.

This year, the holidays hold special significance as we continue to live and work in the midst of a global pandemic. While the world may feel broken in more ways than one, we all have much for which to be thankful.