Per the IRS Education Provider Standards this course must be COMPLETED by 12/31/2025 to receive credits. NOTE: Go to My Professional Profile in your CCH CPELink account settings to ensure your name, and PTIN number; matches your PTIN card
Intentionally Defective Grantor Trusts – IDGTs – are a popular estate planning technique that can potentially benefit your clients. Grantor trusts may be the best tax planning option available – and proposed tax law changes threaten their viability. Explore how these trusts work and get tips on how to best put them to work for your clients.
This two-hour course discusses how IDGTs work, how they are created, and the planning situations where they are best used.
Publication Date: September 2022
Designed For
This course is essential for tax return preparers, CPAs, CFPs, enrolled agents, tax attorneys and other professionals who advise clients on tax, retirement and estate planning, and other wealth management matters.
Topics Covered
- What is an Intentionally Defective Grantor Trust?
- Understanding the Grantor Trust Rules
- Creating and Using IDGTs
- Advantages of IDGTs
- Installment Sales of Property to IDGTs
- Using IDGTs in Family Business Succession Planning
- Comparing the Use of the IDGT to the Use of a GRAT
Learning Objectives
- Recognize and apply a comprehensive, updated understanding of what Intentionally Defective Grantor Trusts are
- Recognize how to create and effectively use IDGTs
- Identify planning opportunities where IDGTs could benefit clients
- Identify the ratio favored when funding a trust
- Identify the level of mortality risk with respect to an IDGT
Level
Intermediate
Instructional Method
Self-Study
NASBA Field of Study
Taxes (2 hours)
Program Prerequisites
Basic knowledge of federal wealth transfer taxes.
Advance Preparation
None
Instructor
Steven G. Siegel
Steve Siegel is president of The Siegel Group, a Morristown, New Jersey-based national consulting firm specializing in tax consulting, estate planning and advising family business owners and entrepreneurs. He holds a B.S. from Georgetown University, a J.D. from Harvard Law School, and an LL.M. in Taxation from New York University.
Mr. Siegel is the author of several books, including the Grantor Trust Answer Book published by Wolters Kluwer, and is a nationally-recognized writer and speaker who has lectured extensively throughout the United States on tax, business and estate planning topics. Mr. Siegel has served as an adjunct professor of law at the University of Alabama Law School Graduate Tax Program and at Seton Hall and Rutgers University law schools.