The case for an intentionally defective grantor trust.
The Tax Adviser › Vol. 39 Nbr. 11, November 2008
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Estates, Trusts & Gifts
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The case for an intentionally defective grantor trust.
When two sets of tax laws use different standards to measure the outcome of a single transaction, some advisers call the result a loophole. Others call it a tax planning opportunity (and some never mention it at all). An intentionally defective grantor trust (IDGT) is a complete transfer to a trust for transfer tax purposes but an incomplete, "defective" transfer for income tax purposes. Because the trust is irrevocable for estate and gift pur...
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