intentionally defective grantor trust
GPTKB entity
Statements (19)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
gptkb:train
|
| gptkbp:alsoKnownAs |
IDGT
|
| gptkbp:benefit |
allows tax-free gifts to beneficiaries
removes appreciation from estate |
| gptkbp:feature |
defective for income tax, effective for estate tax
grantor pays income tax grantor retains certain powers grantor trust rules apply trust is irrevocable |
| gptkbp:governedBy |
gptkb:Internal_Revenue_Code
|
| https://www.w3.org/2000/01/rdf-schema#label |
intentionally defective grantor trust
|
| gptkbp:taxStatus |
assets excluded from grantor's estate
income taxed to grantor |
| gptkbp:usedFor |
estate planning
gift and sale transactions sale to trust strategy wealth transfer |
| gptkbp:bfsParent |
gptkb:grantor_trust_for_income_tax_purposes
|
| gptkbp:bfsLayer |
7
|