IDGT

(redirected from Intentionally Defective Grantor Trust)
AcronymDefinition
IDGTI Don't Get Tired
IDGTIntentionally Defective Grantor Trust
IDGTI Don't Got Time
References in periodicals archive ?
An intentionally defective grantor trust (IDGT) is an irrevocable trust that is a "grantor trust" for income tax purposes.
For a detailed discussion of the issues in this area, see "The Case for an Intentionally Defective Grantor Trust," by Ora Pressey, CPA, John W.
George establishes an intentionally defective grantor trust for the benefit of his children, Sam and Dorothy.
Smith, A Sale to an Entity Trust Will Have Better Results than a Sale to an Intentionally Defective Grantor Trust or a Transfer to a GRAT, 23 Tax MgMT.
This method of estate planning can even be coupled with the use of a Defective Grantor Trust or often referred to as an Intentionally Defective Grantor Trust (IDGT).
As a result, a transfer to an intentionally defective grantor trust in 2010 will still be a gift subject to gift tax.
An installment sale to an intentionally defective grantor trust (IDGT) is an alternative estate-freezing strategy that is often compared to a GRA T.
We can accomplish this by using an intentionally defective grantor trust (IDGT) as the recipient of the transfer.
One such strategy is the sale of rapidly appreciating assets to an intentionally defective grantor trust (IDGT) in exchange for a promissory note bearing low interest.
Also widely employed in split-interest gifting is the grantor retained annuity trust, the intentionally defective grantor trust and gifts of LLC interests.
For example, the transfer to an intentionally defective grantor trust can be used to transfer a policy from one insurance trust to another.