Intentionally Defective Trusts (IDGTs)
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 Steve to understand how these IDGT’s are used, when they are appropriate, and when they are not.
Presented by Steve Mancini, Esq.