Course Details

Intentionally Defective Grantor Trusts: Asset Transfer Planning Strategies and Form 1041 and 1099 Reporting Compliance

Webinar: ID# 1014560
Recorded CD
About This Course:
This webinar will provide tax professionals, including accountants and attorneys, with a detailed review of the advantages and applications of intentionally defective grantor trusts (IDGTs), compliance with required tax forms for these entities, and tax planning approaches that utilize IDGTs.


IDGTs are created to deliberately run afoul of IRC Sections 671-679. They are used to freeze values for estate tax purposes, while transferring assets from the estate free of gift tax. IDGTs can serve to protect the trust assets from claims by creditors and former spouses.

Set up correctly and based on current law, sales or gifts to these trusts can exclude the assets from the grantor's estate. However, trust powers must be carefully selected and understood in order to avoid an incomplete gift and unintentional inclusion of income in the grantor's estate.

While IDGTs offer important tax benefits, tax professionals must be aware of potential pitfalls associated with IDGTs. These pitfalls include potential recognition of deferred gains in the case of an early death, as well as legislative uncertainty related to IDGT planning techniques.

Listen as our authoritative panel of tax advisors discusses best practices for maximizing the benefits of IDGTs and overcoming compliance challenges on Form 1041 and Form 1099.

  1. IDGT advantages and applications
  2. Structuring transactions with IDGTs
  3. Tax reporting issues relating to IDGTs
  4. International issues

The panel will explore these and other relevant issues:
  • Reporting installment sales in conjunction with IDGTs
  • Understanding potential impact from discussions in Washington on use of IDGTs
  • Tax planning approaches that utilize IDGTs
  • Complying with Form 1041, TINs, 1099s among others
Following the speaker presentations, you'll have an opportunity to get answers to your specific questions during the interactive Q&A.

Upon completing this seminar, you will have an improved grasp of compliance and planning issues related to intentionally defective grantor trusts.

The Presenters

Lawrence M. Lipoff, Managing Director, Lipoff Global Advisors, Suffern, NY

His practice focuses on domestic and international private client services to high- net-worth individuals and families. He chairs the Estate Planning Committee of the New York State Society of CPAs.

Eido M. Walny, Walny Legal Group, Fox Point, WI

His practice focuses on estate planning, asset protection, business succession, probate, and trust administration. His experience includes counseling to protect multi-generational family wealth, structuring family and business succession plans, non-probate transfers, and trust and probate administration. He is a frequent speaker on estate planning, charitable giving methods, and topical business issues.

Donna J. Jackson, Attorney at Law, Oklahoma City, OK

Her practice focuses on estate planning, trusts and estates, wills, and probate law. She is a member of NAELA, Wealth Counsel, Wealth Counsel Advisors Forum, ABA, Oklahoma Bar Association and Oklahoma Society of CPAs.

Credits Available

This program has been approved for 2.0 CPE hours through Strafford Publications. CPE Credit is available only for the LIVE webcast. Recorded versions do not qualify for credit.

Strafford is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit.


To obtain CPE credit, attendees must participate in the live event, return an Official Record of Attendance to Strafford affirming their participation (including the CPE code announced during the program), and pay a processing fee of $35 per person.

Credit Confirmation

Strafford will mail a certificate of credit within approximately 2 weeks of receiving an attendee's completed Official Record of Attendance—provided all required conditions have been satisfied.


Handout materials and the phone number for live presentations are made available to you 1 day prior to the event via email from the presenter. Copies of the presentations are included with recorded versions.

If you order a recorded version of the webinar, CD's will be mailed out approximately 10 days after the live event. Shipping is included in the price of recorded versions.

Intentionally Defective Grantor Trusts: Asset Transfer Planning Strategies and Form 1041 and 1099 Reporting Compliance
or via CD
Course Details
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