August 27, 2020

Maximizing Next Generation Assets

Do you want to minimize your taxable estate? Or pass down a family business to the next generation while reducing federal estate and gift taxes? Transactions involving an Intentionally Defective Grantor Trust (“IDGT”) could be an integral part of the solution. IDGTs are a commonly used estate planning structure to transfer wealth to family members during the life of the grantor.

In “Estate Planning with Intentionally Defective Trusts,” Alan Weissberger, Hirtle Callaghan’s Senior Tax and Estate Planning Specialist, explains what IDGTs are, who they are appropriate for and some key considerations to think about before creating and funding an IDGT.

Read further to learn more about IDGTs and to determine if it is an estate planning strategy that makes sense for you.