Structuring Incomplete Gift Non-Grantor Trusts: Key Provisions, Tax Planning, Trust Situs, Distributions, and More
Recording of a 90-minute CLE/CPE video webinar with Q&A
This CLE/CPE course will guide estate planning counsel on using Nevada Incomplete-Gift Non-Grantor Trusts (NING) and Delaware Incomplete-Gift Non-Grantor Trusts (DING) to reduce or avoid state income taxes. The panel will discuss applicable federal tax rules and challenges, key provisions, and planning strategies when structuring these trusts, minimizing state taxes, and navigating the differences between jurisdictions that allow for incomplete gift non-grantor trusts.
- Incomplete gift trusts: an overview
- Grantor and non-grantor trusts
- Complete and incomplete gifts
- NINGs and DINGs
- Scenarios and best practices for estate planners
The panel will review these and other key issues:
- How is a grantor versus a non-grantor trust taxed?
- What makes a gift complete?
- How are NING and DING trusts used to preserve basis step-up?
- When would a client benefit from a NING or DING?
Kristen A. Curatolo
Kirkland & Ellis
Ms. Curatolo focuses her practice on wealth transfer planning, business succession planning, and charitable giving. She... | Read More
Ms. Curatolo focuses her practice on wealth transfer planning, business succession planning, and charitable giving. She routinely advises individuals, institutions and family offices regarding the administration of complex trusts and estates. Ms. Curatolo has particular experience working with principals of private equity funds and venture capital firms to transfer interests in investment funds in a tax efficient manner.Close
Arlene A. Newton
Skadden Arps Slate Meagher & Flom
Ms. Newton focuses her practice on estate and gift tax planning and the administration of complex trusts and estates.... | Read More
Ms. Newton focuses her practice on estate and gift tax planning and the administration of complex trusts and estates. She assists high-net-worth clients with implementing their estate planning objectives, including the preparation of wills, trust agreements and related instruments. She also works on wealth transfer planning strategies, advising clients on the benefits of grantor retained annuity trusts, sales to grantor trusts, qualified personal residence trusts, family limited partnerships and limited liability companies, life insurance trusts and dynasty trusts. In addition, she has worked with nonresident aliens regarding planning for property in the United States and other cross-border planning opportunities.Close