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 ...

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 ...

A trust structure called an intentionally defective grantor trust (IDGT) is another trust structure that can be used by a small business owner to transfer business interests to the next generation. In ...

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 ...

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 ...