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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: