Estate Planning
Defective Grantor Trusts: How To Make Them Work For Your Clients — 2 Vermont General Credits

In this April 26, 2010, 2 hour 5 minute-presentation, Steven G. Siegel, a leading nationally-recognized tax and estate planning adviser, provides a practical explanation of one of the most popular and effective tax and estate planning tools today, the Defective Grantor Trust.

Major topics include:

Background

• overview of the technique

• what is an (Intentionally) Defective Grantor Trust?

• the Grantor Trust rules

Creating The Defective Grantor Trust

• grantor's retention of administrative powers

• trustee selection

• more

Uses Of The Defective Grantor Trust

• income generating trusts

• other planning opportunities including S corps, life insurance, sale of assets and more

Installment Sale Of Property To A Defective Grantor Trust

• creation and funding of the trust

• designing the sale and the note

• income, gift, estate and GST tax consequences

Comparing To The Transfer Of Assets To A GRAT

How A Defective Grantor Trust Is Reported

The Karmazin Case

FORMS: Fully editable Intentionally Defective Grantor Trust Forms (including the Trust Agreement, Installment Sale Agreement and Promissory Note) prepared by Mr. Siegel are available on www.NLFforms.com for $99.