Beneficiary Defective Irrevocable Trusts: Structuring BDIT, Minimizing Tax, Control Over Assets, Pitfalls to Avoid
Recording of a 90-minute CLE/CPE video webinar with Q&A
This CLE/CPE webinar will provide a comprehensive and practical guide to structuring a beneficiary defective irrevocable trust (BDIT). The panel will identify circumstances in which BDITs are an optimal strategy, properly drafting the BDIT to avoid adverse tax consequences, structuring sales/loans to BDITs, incorporating Crummey powers into the instrument, and other key considerations when structuring a BDIT.
Outline
- Mechanics of BDITs; benefits and risks
- Structuring BDITs; key provisions
- Income tax considerations
- Sales and loans to BDITs
- Common challenges and mechanisms to avoid them
Benefits
The panel will discuss these and other key issues:
- What items must be considered when utilizing a BDIT?
- What are the key provisions when drafting BDITs?
- How can BDITs minimize adverse tax consequences?
- How to shift appreciation and income tax burn
- What are the key considerations when structuring a sale or loan to a BDIT?
- Best practices for trusts and estates counsel
Faculty
![DiPietro, Samuel](/img/t/9160df8456efcea0c2f2671b7e4127a9.jpg)
Samuel M. DiPietro
Associate
Spencer Fane
Mr. DiPietro collaborates with families and their advisors to create customized estate plans that consider the specific... | Read More
Mr. DiPietro collaborates with families and their advisors to create customized estate plans that consider the specific needs of each family, ensuring the protection and seamless transfer of wealth. He has extensive experience in crafting estate plans tailored to the unique requirements of modern families. Mr. DiPietro a certified public accountant with two advanced degrees in taxation, has successfully implemented plans that reduce income, gift, estate, and generation-skipping transfer taxes in the context of succession planning for individuals and privately held businesses.
Close![Quintero, Jessica](/img/t/faa636cacbe5c11ae841831a34fac9b1.jpg)
Jessica Quintero
Partner
Harrison
Ms. Quintero advises clients on complex estate and wealth planning, estate and trust administration, and business... | Read More
Ms. Quintero advises clients on complex estate and wealth planning, estate and trust administration, and business succession planning. She works with individuals, families, and business owners to craft customized wealth transfer and business success solutions, including the use of revocable and irrevocable trusts, Intentionally Defective Grantor Trusts, Beneficiary Defective Grantor Trusts, Irrevocable Life Insurance Trusts, and Grantor Retained Annuity Trusts. Ms. Quintero regularly works with clients to modify existing trusts to address unintended tax consequences, changes in family situations, and other life events.
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