Intentionally defective grantor trust
id:
intentionally-defective-grantor-trust-324-7654116
title:
Intentionally defective grantor trust
text:
An Intentionally defective grantor trust is sometimes used to reduce estate taxes. It works as follows: The grantor creates the trust
The grantor transfers investment assets into the trust, but retains the power to "reacquire the trust corpus by substituting other property of equivalent value". The transfer is valid (complete) for estate tax purposes but is incomplete for income tax purposes.
The grantor pays gift tax on the transfer
During the grantor's lifetime, the grantor pays income taxes o
brand slug:
wiki
category slug:
encyclopedia
description:
original url:
https://en.wikipedia.org/wiki/Intentionally_defective_grantor_trust
date created:
date modified:
2022-06-17T01:00:23Z
main entity:
{"identifier":"Q28458356","url":"https://www.wikidata.org/entity/Q28458356"}
image:
fields total:
13
integrity:
13