This is the third of a four-part series focusing on estate planning for founders. In this installment, we will cover why an Intentionally Defective Grantor Trust (IDGT) may be an effective estate ...

n tumultuous economic times, intentionally defective irrevocable trusts (IDITs) offer taxpayers a powerful triple play: an estate-freeze and wealth-transfer technique, as well as an estate planning ...

A trust structure called an intentionally defective grantor trust (IDGT) is another trust structure that can be used by a small business owner to transfer business interests to the next generation. In ...

In Chief Counsel Advice 202352018 (Dec. 29, 2023) (the CCA), the Internal Revenue Service concluded that the beneficiaries of an intentionally defective grantor trust (IDGT) made a taxable gift for ...

Ironically, although the grantor trust rules were created to prevent a perceived abuse, the benefits of grantor trusts often lead practitioners and their clients to intentionally establish them. Such ...

On Dec. 1, 2011, the Internal Revenue Service issued Revenue Ruling 2011-28, 1 which finally clarified that a life insurance policy in an irrevocable trust isn't included in the grantor's estate if ...

Trust entities can be useful in business succession planning, whether the trusts are revocable or irrevocable. The two forms of trust are not mutually exclusive, and in many instances, a succession ...