The Intentionally Defective Grantor Trust (“IDGT”) is perhaps the oddest named device in the sophisticated estate planner’s tool kit. In the following article we will define what an IDGT is and why you may want to consider using it for estate planning purposes. What is an IDGT? An Intentionally Defective Grantor Trust (IDGT) is an […] Read more
Irrevocable Trust
To begin to understand revocable vs. irrevocable trusts you first need to know first what a trust is AND how it works. This article will review some trust basics and then will dive into the pros and cons of revocable vs. irrevocable trusts for you or your favorite clients. A Trust is An Agreement A trust is an […] Read more
Giving to charity is proper stewardship and is no doubt good for the soul. However, did you know that charitable donations also offer huge tax advantages? Better yet, the advantages of charitable giving can be maximized through charitable trust planning. Tax Advantages of Charitable Donations Charitable donations can reduce your income taxes because the IRS allows a tax deduction […] Read more
