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 professionals on using Incomplete Gift Non-Grantor Trusts (ING(s)) to reduce or avoid state income taxes. The tax savings can extend to federal income tax and estate tax savings as well. In a lively discussion, The panel will address applicable federal tax rules and challenges, key provisions and planning strategies when structuring these trusts, minimizing state taxes, navigating the differences between jurisdictions that allow for incomplete gift non-grantor trusts, and asset protection attributes.
- Incomplete gift trusts: an overview
- Grantor and non-grantor trusts
- Complete and incomplete gifts
- State and federal tax considerations
- Asset protection considerations
- Specific trust income tax opportunities
- 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 ING trusts preserve basis step-up?
- What can INGs can accomplish with qualified small business stock?
- When would a client benefit from an ING?
Lobb & Plewe
Mr. Lobb is the head of the Private Clients Group at Lobb & Plewe, which provides legal services for high-net-worth... | Read More
Mr. Lobb is the head of the Private Clients Group at Lobb & Plewe, which provides legal services for high-net-worth entrepreneurs, their businesses and their families. Mark serves on several non-profit boards of directors and is currently the President of a non-profit hospice. Mark has published many articles and provided many webinars and continuing education lectures on estate planning, asset protection, taxation and succession planning to professional and CEO groups.Close
Christopher P. Siegle
J.P. Morgan Private Bank
Mr. Siegle, Managing Director, joined JPMorgan in 2010 after practicing trust and estates law in Arizona for over 13... | Read More
Mr. Siegle, Managing Director, joined JPMorgan in 2010 after practicing trust and estates law in Arizona for over 13 years. He is a member in the State Bar of Arizona and a Fellow in ACTEC. Mr. Siegle teaches at Villanova School of Law and Loyola Law School. He speaks and writes nationally on advanced estate, gift, GST and income tax topics. Mr. Siegle is a retired Captain in the US Navy.Close