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Search results with tag "Idgt"
Sales to Intentionally Defective Grantor Trusts (IDGT)
www.thewpi.orgSales to Intentionally Defective Grantor Trusts (IDGT) A sale to an Intentionally Defective Grantor Trust (“IDGT”) is a sophisticated estate planning strategy that can provide substantial benefits to wealthy individuals and families seeking to transfer assets from one generation
TRAPS AND CONCERNS IN USING INTENTIONALLY …
dedononestateplanning.typepad.comis a grantor trust for income tax purposes, the INTENTIONALLY DEFECTIVE GRANTOR TRUSTS sale of the asset would not result in any taxable gain to the grantor (for income tax purposes, the grantor is considered to be selling an asset to him or herself). There also is no interest in come reported by the grantor or interest deduc tion to the IDGT.