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Intentionally Defective Grantor Trusts Line by Line: A Detailed Look at Intentionally Defective Grantor Trusts and How to Draft Them to Meet Your Clients' Needs

Product details:

Format: Book - softbound
Brand: Aspatore
Copyright: 2016
ISBN: 9780314294791
Service #: 41942369
Pages: 224
Shelf Space: 1 in.
Publication frequency: As needed
Update method: No updating

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Intentionally Defective Grantor Trusts Line by Line: A Detailed Look at Intentionally Defective Grantor Trusts and How to Draft Them to Meet Your Clients' Needs

102395171

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102395171
102395171
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Written by seasoned attorneys whose practice focuses on cutting-edge estate planning techniques that decrease transfer tax consequences, Intentionally Defective Grantor Trusts Line by Line comprehensively examines an irrevocable grantor trust and the provisions that must be included in order to adequately leverage the Internal Revenue Code to assist in minimizing estate tax exposure.

This book explains that when an irrevocable grantor trust is drafted properly, an individual is not only able to eliminate future growth from estate tax exposure, but also can potentially eliminate any estate tax being owed on the asset being transferred to the irrevocable grantor trust. Specifically, the authors explain how, through a sale of an asset to an irrevocable grantor trust in exchange for a promissory note, an individual is able to utilize discounts to:

  • Immediately reduce the book value of the asset
  • Protect future growth from transfer tax
  • Transfer the asset without immediate capital gains tax consequences
  • Potentially completely eliminate the transferred asset from both the grantor's and future generation's taxable estates
This book is a great resource for any professional who has sought to reduce a client's transfer tax liability, as well as any individual who desires to transfer assets to future generations while minimizing transfer taxes and income and capital gains tax consequences.