Incomplete Gift Non-Grantor Trust: Latest Developments & Private Letter Rulings-Leveraging DINGs int
Incomplete gift non-grantor trusts are a useful tool for state income tax savings in New Jersey and other jurisdictions with high state tax rates. The trust may be set up in any state that permits self-settled asset protection trusts, which allows the settlor to retain certain powers in a self-settled asset protection trust, and where no fiduciary income tax is imposed on its trusts.
This presentation will focus on the benefits of NINGs as a state tax savings vehicle, discussing the implications of the recent PLR, how it differs from DINGs and navigating differences between jurisdictions which allow for incomplete gift non-grantor trusts.
WILLIAM D. LIPKIND is Chair of the Tax Department of Lampf, Lipkind, Prupis & Petigrow, A Professional Corporation, West Orange, New Jersey, and New York, New York. The Law Firm concentrates its practice in the representation of high net worth individuals and entrepreneurs. It is especially active in domestic and international income and estate tax planning, wealth preservation, business transactional matters and asset protection.
Bill has received degrees from Cornell University (B.A. 1964); Harvard University (J.D. 1967); and New York University (LL.M. in Taxation, 1972). He is the author of numerous articles including “DING Redux, LISI Estate Planning Newsletter, #2076, (March 12, 2013) Bill has been named a Super Lawyer and one of New Jersey’s Top Attorneys for the past three years. He has lectured extensively before professional and lay groups and has both been featured on television and quoted in financial publications.
This program had been approved by the Board on Continuing Legal Education of the Supreme Court of New Jersey for 1.0 hours of total CLE credit. Of these, 0 qualify as hours of credit for ethics/professionalism, and 0 qualify as hours of credit toward certification in civil trial law, criminal trial law, workers compensation law, municipal court law, and/or matrimonial law.
CFP and CPA continuing education credit will also be offered for this presentation.
Michael Tepperman, CFP First Vice President
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Please respond by Wednesday, September 18, 2013
