Gifts by Business Owners: Great to GRAT & IDing When To IDGT
Date: Apr 16, 2025 9:00 a.m. – 11:00 a.m.
Location: Online
Member Price: $143.00
Non-Member Price: $179.00
Section Price: $0.00
Areas of Law: Real Property, Trust, & Estate
Earn up to 2.4 credits! (More Information)
Keynote
Moderator
- Brian M. Balduzzi, Esq.
- Faegre Drinker Biddle & Reath LLP, Philadelphia
Presenters
- Abbey Horwitz, Esq.
- Coughlin Midlige & Garland LLP, Morristown
- Lisa S. Presser, Esq.
- Faegre Drinker Biddle & Reath LLP, Princeton
Closely held business owners may be interested in some of the same estate planning strategies used by other high-net-worth clients. These clients need estate tax and succession planning to help them effectively and efficiently transfer their wealth, including their businesses, to their loved ones. A Grantor Retained Annuity Trust (GRAT) and an Intentionally Defective Grantor Trust (IDGT) are two popular vehicles for transferring future appreciation in the value of closely held business interests to an owner’s loved ones. However, these strategies must be applied intentionally and carefully by these clients and their advisors. In this session, panelists will:
- Review the common options for structuring a GRAT and identify some of the pitfalls, and pose solutions, for closely held business owners
- Differentiate the value of an IDGT and explain potential planning for closely held business interests
- Discuss and emphasize some of the gift tax reporting and disclosure requirements for such transfers
Program Agenda:
- 9:00 | Introductions - Abbey Horwitz, Esq.; Lisa S. Presser, Esq. and Brian M. Balduzzi, Esq.
- 9:10 | Grantor Retained Annuity Trusts (“GRAT”) - Lisa S. Presser, Esq.
- 9:45 | Intentionally Defective Grantor Trusts (“IDGTs”) - Brian M. Balduzzi, Esq.
- 10:15 | Gift Reporting and Disclosure Requirements and Best Practices - Abbey Horwitz, Esq.
- 10:50 | Questions and Answers with Next Steps
- 11:00 | Adjourn
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