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 ...

Tax INsight is prepared by experts who are active members of the American Institute of Certified Public Accountants. Tax INsight appears on the web and in IN Daily every Tuesday. Comments are welcome ...

The IRS flipped a stance the agency took seven years earlier on the question of whether certain trust distributions amount to a taxable gift. "The modification to add the tax reimbursement clause will ...

Estate tax planning experts and many affluent taxpayers are aware of the multiple advantages of what are known in the technical jargon as "Intentionally Defective Grantor Trusts" (IDGTs), which are ...

The IRS has ruled that a long-used basis adjustment under Sec. 1014 generally doesn’t apply to the assets of an irrevocable grantor trust that aren’t included in the deceased grantor’s gross estate.

January 13, 2023 - Irrevocable grantor trusts (also known as "intentionally defective grantor trusts" or "IDGTs") are one of the most effective and popular estate planning tools for families to shift ...

Practitioners traditionally have had limited tools to address a taxpayer's individual retirement account. Since amounts in an IRA can be subject to both income and estate taxes at death, many ...

Whether intentionally drafting a grantor trust or drafting a trust that is not intended to be a grantor trust, great care must be taken. Beware of the complexity of the rules, the numerous traps, and ...