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Estate Administration Issues and Responsibilities Checklist (13 Pages)
$ 29.00

With recent health concerns and political uncertainty, more practitioners will be asked for help administering estates than in many years.

Intentionally Defective Grantor Trust Forms: Intentionally Defective Grantor Trust (7 Pages), Installment Sale To Trust (3 Pages), Promissory Note For Sale To Defective Grantor Trust (2 Pages)

Regular Price: $ 99.00

Special Price: $ 79.00

An important note from the author, Steve Siegel: "Tax and estate planning are alive and well after the 2017 Tax Cuts and Jobs Act. Don’t be lulled into inaction by the new enhanced exclusion – the 2017 law sunsets after eight years, and with political risk, change could come sooner. We have an excellent window of opportunity to utilize all of the planning techniques that remain viable.

One of the most outstanding is the intentionally defective grantor trust (“IDGT”). The IDGT gives the taxpayer the opportunity to create a trust for loved ones and freeze the value of appreciating assets (business, real estate, etc.) by a non-taxable sale to the IDGT, “squeeze” that value with appropriate valuation discounts, and burn off personal assets as the trust grantor responsible to pay all the income tax on income being received by family members. Another key feature of the IDGT is the opportunity to control the basis of the trust property. By using the power of substitution, the trust grantor can replace the initial property basis with higher basis property, then hold the reacquired low basis asset until death, allowing a stepped-up basis to heirs – never having had to pay income tax on substantial appreciation."

Intentionally Defective Grantor Trust
This a form of an Intentionally Defective Grantor Trust. The grantor retains an administrative power over the Trust (here, the power of substitution) (See Article 11) that leaves the grantor taxable on the trust income. This administrative power is not; however, a sufficient retained interest to require the trust property to be included in the grantor’s estate. The intent here is to enable the grantor to pay all of the income tax liability arising from the trust while allowing the actual trust income to be accumulated for or paid to the trust beneficiaries without income or gift tax consequences to them. (See Rev. Rul. 2004-64).

Installment Sale To Trust
This is a Form of installment sale agreement between the grantor of an intentionally defective grantor trust (Form A) as the seller, and the defective trust as the purchaser. The concept of this transaction is to enable the grantor to sell an appreciating asset to the trust in exchange for a Promissory Note (Form C), which sale will have the effect of freezing the value of the property being sold at its current fair market value, represented by the principal amount of the Note.

Promissory Note For Sale To Defective Grantor Trust

This is a form of Promissory Note that may be used in conjunction with an installment sale (Form B) to an intentionally defective grantor trust (Form A). The interest rate selected should be the appropriate rate based on the duration of the Note published by the IRS for the month of the sale.

Irrevocable Life Insurance Trust With Crummey Powers And Sample Crummey Letter (40 Pages)
$ 79.00

Two Important And Useful Additions

In this June 12, 2020 Revised Edition, Mr. Siegel added two important and useful provisions relating to:
1. the "Uniform Gifts To Minors Act" in Article 8 and 
2. specific powers about "decanting" as paragraph V. of Article 10 


This is an irrevocable trust created by a grantor and funded (primarily or exclusively) by life insurance policies. The trust will be the owner and beneficiary of the life insurance policies. The intent of this trust is to remove life insurance policies from the grantor’s taxable estate if the grantor lives three years after transferring the policies to the trust – unless the trust owns the policies from their inception, in which case there is no issue with the three year look-back rule. This trust is for the primary benefit of the grantor’s spouse for life, with the remainder payable to the grantor’s children. 

Also included is "A Sample Notice Of Crummey Withdrawal Rights" for the trustee to send to the Crummey beneficiaries whenever a contribution is made to the trust.

Planning With Intentionally Defective Grantor Trusts (47-Page Book)
$ 39.00

Released May 15, 2020 - Written by Steven G. Siegel.
Click the above "Learn More" button to read the Table of Contents, several Sample Pages and Mr. Siegel's curriculum vitae.

Preparing the Federal Estate Tax Return (Form 706) (June 2020 Edition) (53-Page Book)
$ 59.00

Released June 11, 2020 - Written by Steven G. Siegel.
Click the above "Learn More" button to read the Table of Contents, several Sample Pages and Mr. Siegel's curriculum vitae.

Understanding Grantor Retained Interest Trusts: GRATs, GRUTs And GRITS - The Key Questions And Answers (67-Page Book)
$ 49.00

Released May 15, 2020 - Written by Steven G. Siegel.
Click the above "Learn More" button to read the Table of Contents, several Sample Pages and Mr. Siegel's curriculum vitae.

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