💰 Financial Record
paymentTransaction Details
Payer (From)
IDGT
Linked to IDGT
Payee (To)
Beneficiaries
Linked to beneficiaries
Description
After the note is paid off, the remaining assets in the trust are passed to the beneficiaries, free of gift tax.
Additional Details
Date string:
Not specified
Amount string:
Source document:
HOUSE_OVERSIGHT_022352.jpg
📄 Source Document
HOUSE_OVERSIGHT_022352.jpg
ESTATE Collection
Document Summary
This J.P. Morgan document, marked 'CONFIDENTIAL' and 'HOUSE_OVERSIGHT_022352', is a presentation slide explaining a wealth transfer strategy using an Intentionally Defective Grantor Trust (IDGT). It details a four-step process where a 'Grantor' sells an asset to an IDGT for a note, which allows the remaining trust assets to eventually pass to 'Beneficiaries' free of gift tax. The document also suggests using 'cascading GRATs' to enhance the benefits of this strategy.
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