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Course/Product Description
Title:

Intentionally Defective Grantor Trusts

SKU:WC-1012506
Date / Time: Recorded
Format: Webinar
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Description:

IDGTs are created to deliberately run afoul of IRC Sections 671-679. They are used to freeze values for estate tax purposes, while transferring assets from the estate free of gift tax. IDGTs can serve to protect the trust assets from claims by creditors and former spouses.

Set up correctly and based on current law, sales or gifts to these trusts can exclude the assets from the grantor's estate. However, trust powers must be carefully selected and understood in order to avoid an incomplete gift and unintentional inclusion of income in the grantor's estate.

While IDGTs offer important tax benefits, tax professionals must be aware of potential pitfalls associated with IDGTs. These pitfalls include potential recognition of deferred gains in the case of an early death, as well as legislative uncertainty related to IDGT planning techniques.

Listen as our authoritative panel of tax advisors discusses best practices for maximizing the benefits of IDGTs and overcoming compliance challenges on Form 1041 and Form 1099.

Outline:

  1. IDGT advantages and applications
  2. Structuring transactions with IDGTs
  3. Tax reporting issues relating to IDGTs
  4. International issues
Benefits:

The panel will explore these and other relevant issues:

  • Reporting installment sales in conjunction with IDGTs
  • Understanding potential impact from discussions in Washington on use of IDGTs
  • Tax planning approaches that utilize IDGTs
  • Complying with Form 1041, TINs, 1099s among others
Following the speaker presentations, you'll have an opportunity to get answers to your specific questions during the interactive Q&A.

Upon completing this seminar, you will have an improved grasp of compliance and planning issues related to intentionally defective grantor trusts.

Faculty:

Lawrence M. Lipoff, Managing Director, Lipoff Global Advisors, Suffern, NY

His practice focuses on domestic and international private client services to high- net-worth individuals and families. He chairs the Estate Planning Committee of the New York State Society of CPAs.

Eido M. Walny, Walny Legal Group, Fox Point, WI

His practice focuses on estate planning, asset protection, business succession, probate, and trust administration. His experience includes counseling to protect multi-generational family wealth, structuring family and business succession plans, non-probate transfers, and trust and probate administration. He is a frequent speaker on estate planning, charitable giving methods, and topical business issues.

Donna J. Jackson, Attorney at Law, Oklahoma City, OK

Her practice focuses on estate planning, trusts and estates, wills, and probate law. She is a member of NAELA, Wealth Counsel, Wealth Counsel Advisors Forum, ABA, Oklahoma Bar Association and Oklahoma Society of CPAs.



Credits Available

This program has been approved for 2.0 CPE hours through Strafford Publications. CPE Credit is available only for the LIVE webcast. Recorded versions do not qualify for credit.

Strafford is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit.

Processing

To obtain CPE credit, attendees must participate in the live event, return an Official Record of Attendance to Strafford affirming their participation (including the CPE code announced during the program), and pay a processing fee of $35 per person.

Credit Confirmation

Strafford will mail a certificate of credit within approximately 2 weeks of receiving an attendee's completed Official Record of Attendance—provided all required conditions have been satisfied.



Delivery

Handout materials and the phone number for live presentations are made available to you 1 day prior to the event via email from the presenter. Copies of the presentations are included with recorded versions.

If you order a recorded version of the webinar, CD's will be mailed out approximately 10 days after the live event. Shipping is included in the price of recorded versions.




Cannot Attend The Live Presentation?

This presentation is also available in a recorded format, in CD version, as shown in the pricing options below.

About Webcasts / Audio Conferences / Podcasts:

Webcasts, audio conferences, and podcasts are presentations that you attend via the Internet, phone, or mobile device at a specified date and time for "live" versions, or at your convenience for "recorded" and "On-Demand" versions.

The live versions are interactive, meaning that participants can ask questions in real time, plus are a very cost-effective form of training because 1) you receive fast, convenient learning without any out-of-office time; 2) you can invite as many colleagues as you'd like to listen in on a single phone line; 3) you incur no travel expenses; and 4) you and your colleagues are back at work immediately after the session ends!

And though with recorded versions you do lose the ability to ask questions, you gain the ability to hear the presentation numerous times and to share it with others in your office.

Handout materials and the phone number for live presentations are made available to you prior to the event via email from the presenter and from the "MyAccount" link on the menu bar. Copies of the presentations are included with recorded versions.

Licenses / Designations / Educational Credits:CPE
All US States: 2
About The Provider: Strafford Publications, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Suite 700, Nashville, TN, 37219-2417 or by visiting their website.

Strafford webinars and teleconferences offer an excellent opportunity to train your entire staff—with no lost travel time or expenses. They are extremely cost-effective—allowing an unlimited number of people at your location to listen from a single line at no additional charge.

Each live seminar features presentations by a panel of nationally recognized authorities, followed by an interactive Q&A session. Presentation materials can be viewed online or printed out. Audio can be accessed via the web or a telephone.
More Info: Contact Us For More Information
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