How ING Trusts Can Offset Adverse Effects of Tax Law: Part 2 – Gift tax and other issues

Trusts & Estate’s Magazine
December 2018

William D. Lipkind, Martin M. Shenkman & Jonathan G. Blattmachr> 

Incomplete non-grantor (ING) trusts, transfers to which aren’t completed gifts and aren’t grantor trusts for income tax purposes, may help to navigate the adverse income tax changes individuals face under the Tax Cuts and Jobs Act (the Act).

This two-part article explains how ING trusts can accomplish that goal. In Part 1 of this article, 1 we discussed the grantor trust issues relating to ING trusts. Now, the focus is on gift tax and other issues.

Read their commentary here.