For the full PDF, click here: Risks and Opportunities when Irrevocable Grantor Trusts Own Pass-Through Entities that Pay State Income Tax for Their Grantors The vast majority of states have now passed legislation to provide new mechanisms whereby pass-through entities...
IRC 678 and the BDOT 2024
Companion chart to "The Optimal Basis Increase Trust" (https://ssrn.com/abstract=2436964) and LISI article Spousal Lifetime Access Non-Grantor Trusts "ING"=Incomplete gift, non-grantor trust (can be Delaware, Nevada, Ohio, South Dakota, Alaska, probably many of the...
Companion chart to OSBA Wealth Transfer Planning CLE June 13, 2013, Part VI of OBIT white paper. Please consult those for more detailed explanation. Abbreviations: DAPT = Domestic Asset Protection Trust, including Ohio Legacy Trust Act, Ohio's DAPT statute at Ohio...
The 10-year rule, applicable to most trusts that will receive retirement benefits after passage of the Setting Every Community Up for Retirement Enhancement Act (SECURE Act), presents a dilemma for non-Roth individual retirement accounts. For the vast majority of...
Section 327 of the SECURE 2.0 Act of 2022 (SECURE 2.0 Act), effective in 2024, which modified Internal Revenue Code Section 401(a)(9)(B)(iv), will provide over which may be quite advantageous to the subsequent beneficiaries (especially if they’re eligible designated...
Companion chart to "Incomplete Gift, Non-Grantor Trusts - Not Just for State Income Tax Avoidance" and "Spousal Lifetime Access Non-Grantor Trusts" CLE/article/webinars, compiled by Ed Morrow III, J.D., LL.M. (tax), CFP® - permission to reprint with continued...
