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An Intentionally defective grantor trust is sometimes used to reduce estate taxes.It works as follows: The grantor creates the trust; The grantor transfers investment assets into the trust, but retains the power to "reacquire the trust corpus by substituting other property of equivalent value".
An intentionally defective grantor trust, or IDGT, is a way of shifting tax burdens for very wealthy households. With this structure, you can create a trust that leaves wealth to your heirs while ...
Intentionally Defective Grantor Trusts and Stepped Up Stocks. SmartAsset: How to avoid estate taxes with trusts. Finally, one of the most popular forms of trust for estate tax planning is known as ...
In United States trust law, an Ultra Trust is a registered trademark [1] whose intellectual property is owned by Estate Street Partners LLC. It describes a specific type of intentionally defective grantor-type irrevocable trust that includes an independent trustee, as well as a special limited power of appointment.
The rule against perpetuities serves a number of purposes. First, English courts have long recognized that allowing owners to attach long-lasting contingencies to their property harms the ability of future generations to freely buy and sell the property, since few people would be willing to buy property that had unresolved issues regarding its ownership hanging over it.
An intentionally defective grantor trust, or IDGT, is a way of shifting tax burdens for very wealthy households. With this structure, you can create a trust that leaves wealth to your heirs while ...