Topic
Grantor Trusts
32 published works
Lauren Jackson Law Blog
What is an intentionally defective grantor trust (IDGT)?
An Intentionally Defective Grantor Trust (IDGT) is a sophisticated estate planning strategy designed to shift future appreciation out of a client’s taxable estate while intentionally preserving certain income tax obligations.…
Future Focused
Navigating Trust Taxation: State Income Tax
Like individuals, trusts are subject to income tax by the federal government and a majority of states. If a trust is characterized as a “grantor” trust, then its income is…
Wills, Trusts & Estates Prof Blog
IRS Rules Against A Tax Tactic For Irrevocable Grantor Trusts
The IRS recently ruled that a long-used basis adjustment under Section 1014 generally does not apply to assets of an irrevocable grantor trust that are not included in the grantor’s…
TaxSlaw
The Federal Attack on Grantor Trusts: The Demise of Basis Step-Up at Death?
By Louis Vlahos
Don’t Wait for Us On March 20, 2023, Senators Warren, Sanders, Van Hollen, and Whitehouse addressed a letter to Treasury Secretary Yellen in which they urged Yellen “to use [her]…
TaxSlaw
Planning for the Interest Charge on Installment Sales: Decanting a Grantor Trust?
By Louis Vlahos
The Issue I recently encountered an interesting situation in which someone suggested that a grantor trust be decanted into a non-grantor trust before the end of the taxable year. The…
TaxSlaw
Grantor Trusts on the Precipice?
By Louis Vlahos
Where Are We? Have you seen the Triumvirate of late? No, not Julius, Pompey, and Crassus.[i] I’m referring to more contemporary political figures, whose names and exploits are not likely…
Florida Probate & Trust Litigation Blog
2020 Legislative Updates + Backstories (Part 2)
This is the second and final installment of the 2020 legislative update. Part 1 focused on non-tax changes to our probate and trust codes. This post focuses on CS/HB 1089,…
Florida Probate & Trust Litigation Blog
2020 Legislative Updates + Backstories (Part 1)
2020 was another busy year on the legislative front. The vehicles for changes to our probate and trust codes were CH/HB 505, CS/HB 1439 and CS/HB 1089. The last bill is an…
Rubin On Tax
GRANTOR TRUSTS OWNING AN ANNUITY
Wills, Trusts & Estates Prof Blog
Inside the intentionally defective grantor trust
The art of estate planning is affected by a multitude of variables that change over time. The currently low-interest-rate environment and the imminent return of a lower estate tax exemption…