Why would anyone want a ‘defective’ trust? The intentionally defective trust is a wealth-transferring device used by larger estates. It is an irrevocable trust that has been carefully drafted to cause the grantor to be taxed on trust income yet have trust assets excluded from the grantor’s estate. Such a trust can offer multiple planning opportunities and benefits, particularly when combined with both gifts and installment sales.
Join estate planning attorney Steve Mancini to understand how these IDGT’s are used, when they are appropriate, and when they are not.
*CE/CPE Eligible: 1 CE credit is available to subscribers with these designations: CFP, CLU, ChFC and RICP. CPA subscribers will earn 1 CPE credits.
Field of Study: Specialized Knowledge
Prerequisites: There are no prerequisites for this session.
Advanced Preparation: None
Program Level: Basic
Delivery Method: Group Internet Based
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