Morris Hall, PLLC

Estate Planning Attorneys

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IDGT

Intentionally Defective Grantor Trusts in Arizona

Intentionally-Defective-Grantor-Trust

An IDGT, or intentionally defective grantor trust, is an estate planning tool that is used to greatly reduce estate taxes and protect certain assets for beneficiaries against creditors, ex-spouses and other parties. If properly created, it can be very effective in transferring wealth to succeeding generations without incurring generation-skipping transfer tax. It can also provide significant income tax and capital gains tax benefits.

The law firm of Morris Hall, PLLC, has the experience and knowledge of tax law and Internal Revenue Service (IRS) regulations to help you set up an IDGT using every legal advantage and benefit for your estate. This particular estate planning device creates a trust that is effective for estate taxes, but defective for income taxes. It is a complex strategy that works very well for high net worth individuals.

Setting Up an IDGT

Many people wish to pass on assets to succeeding generations, but there are significant consequences for doing so without protecting those assets with a proper trust or other estate planning document. Through an IDGT, a person can accomplish his or her goals and help provide for the future.

Beneficiaries of an IDGT are usually children or grandchildren who will receive assets that appreciate even without reduction for payment of income taxes. If structured properly, the IDGT will allow a person to lower the taxable estate on greatly appreciated assets and to protect the assets from creditors of the individual and his or her beneficiaries.

Contact Morris Hall for Asset Protection Through Trusts

Contact us to arrange a consultation with an experienced lawyer today. Our offices are located in Phoenix, Tucson, and communities throughout Arizona.

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Main Office

7600 N 16th St, Ste 105

Phoenix, AZ 85020

Phone: 602-249-1328

Fax: 602-248-2887

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Our law firm proudly serves many areas in Arizona. See all of our locations here.

Our law firm proudly serves the state of Arizona.  See all of our locations here.

Toll Free: 888-222-1328

Mon-Thur: 8:00am – 5:00pm
Fri: 8:00am – 4:00pm

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Need an Estate Planning Lawyer in Arizona?

Looking for an estate planning attorney near you? We have office locations in Phoenix, Mesa, Chandler, Scottsdale, West Valley, Carefree, Prescott, Sedona, Flagstaff, Tucson, and Oro Valley in Arizona so please visit us at the location that is closest to you.

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