Incomplete Gift Non-Grantor Trusts: Latest Developments and Private Letter Rulings
Leveraging DINGs Into NINGs for Savings in High State Tax Rate Jurisdictions
Recording of a 90-minute CLE/CPE webinar with Q&A
This teleconference will focus on the benefits of NINGs as a state tax savings vehicle, and discuss the implications of the recent private letter rulings (PLR), how they differ from DINGs, and navigating the differences between jurisdictions which allow for incomplete gift non-grantor trusts.
- Opportunities with DINGs and NINGs
- Overview of structure
- State tax issues
- Federal tax issues
- Analysis of PLR 201310002
- Asset protection and NINGs
- Additional factors to consider
- Best practices and pitfalls to avoid
The panel will review these and other key questions:
- How does PLR 201310002 impact incomplete gift trusts?
- How is a NING different from a DING?
- How does a NING trust work and which clients are most suited for this income tax planning tool?
- Why does a NING trust work for domiciliaries of some states but not others?
- Why did the trust which was the subject of PLR 201310002 have to be formed in Nevada?
- What are the essential terms of a NING trust?
Following the speaker presentations, you'll have an opportunity to get answers to your specific questions during the interactive Q&A.
Steven J. Oshins
Oshins & Associates
Mr. Oshins' practice focuses on estate planning and asset protection. He was named Las Vegas Trusts and Estates... | Read More
Mr. Oshins' practice focuses on estate planning and asset protection. He was named Las Vegas Trusts and Estates Lawyer of the Year by The Best Lawyers in America and was voted into the NAEPC Estate Planning Hall of Fame. He is a frequent speaker and author on estate planning and asset protection articles. He participated in getting valuable trust and creditor protection laws passed in Nevada.Close
William D. Lipkind
Lampf Lipkind Prupis & Petigrow
He is a Founding Member of the firm, specializing in taxation and estate planning. Among other publications, he is... | Read More
He is a Founding Member of the firm, specializing in taxation and estate planning. Among other publications, he is the author of “DING Redux,” featured in the LISI Estate Planning Newsletter.Close