On this episode of Your Life Simplified, Valerie Escobar, senior wealth advisor, and Jake Kern, managing director and senior wealth advisor, discuss the powerful strategy of Intentionally Defective Grantor Trusts (IDGTs) and how they can benefit you. An IDGT is a trust that is intentionally drafted to be "defective" for income tax purposes. This allows the grantor of the trust to transfer assets to the trust without triggering gift or estate taxes. The grantor also pays the income tax on the trust's income, thus reducing the value of the grantor's estate. One of the key benefits of an IDGT is that it can help you transfer assets to future generations with minimal tax liability. Since the grantor pays the income tax on the trust's income, the assets in the trust can grow tax-free, increasing the value of the trust's assets over time.

00:00 Introduction   
01:38 What is a Trust? 
06:26 Tax Planning and Wealth Transfer
10:05 Using Your Exemption
15:50 Turning Off the IDGT 
22:09 Outro & Disclosures 
              
#IDGT #Trusts #EstatePlanning

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These videos are limited to the dissemination of general information and are not intended to be legal or investment advice. Nothing herein should be relied upon as such. The views expressed are for informational purposes only and do not take into account any individual personal, financial, or tax considerations. There is no guarantee that any claims made will come to pass.
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