Description
This course provides an in-depth exploration of Intentionally Defective Irrevocable Trusts (IDITs) and their role in estate planning. Participants will learn how to structure gifts and sales to IDITs using promissory notes, self-canceling installment notes (SCINs), and annuities to maximize tax benefits while ensuring compliance with IRS regulations. This course is designed to help financial advisors develop expertise in leveraging IDITs to preserve wealth, minimize transfer taxes, and provide strategic estate planning solutions for high-net-worth clients.
Learning Objectives
• Explain the strategic benefits of IDITs and how they can be used to minimize estate and transfer taxes for high-net-worth clients.
• Design and implement gift and sale strategies to IDITs using promissory notes, SCINs, and private annuities while ensuring compliance with tax laws.
• Analyze and evaluate tax implications of different IDIT structures and advise clients on the best approaches to maximize wealth transfer efficiency.