IRC 678 and the BDOT 2024
IRC 678 and the BDOT 2024
Providing Peace Of Mind
Professional Resource Hub
Comparison of SLAT v. IV QTIP v. DING v. SLANT Intervivos Irrevocable Trust Designs
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...
Comparison of SLAT v. DAPT v. Lifetime Limited Power of Appointment (LLPOA) “Power Trust” Design Options
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...
Using BDOTs for Optimal Asset Protection And Income Tax Minimization – The best of both worlds
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...
New Rules for Inherited IRAs By Surviving Spouses
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...
State Residency and Source Income Factors for State Income Taxation of Irrevocable Non-Grantor Trusts
There are two fundamental bases for state taxation of non-grantor trust income: residency and source. States may tax all income of their residents but only source income of non-residents. Excerpts chosen from trust residency statutes focus on taxation of irrevocable...