In this April 26, 2010 2 hour 5 minute-presentation, Steven G. Siegel, a leading nationally-recognized tax and estate planning adviser, provides a practical explanation of one of the most popular and effective tax and estate planning tools today, the Defective Grantor Trust.

Major topics include:

ü Background

• overview of the technique

• what is an (Intentionally) Defective Grantor Trust?

• the Grantor Trust rules

ü Creating The Defective Grantor Trust

• grantor's retention of administrative powers

• trustee selection

• more

ü Uses Of The Defective Grantor Trust

• income-generating trusts

• other planning opportunities including S corps, life insurance, sale of assets and more

ü Installment Sale Of Property To A Defective Grantor Trust

• creation and funding of the trust

• designing the sale and the note

• income, gift, estate and GST tax consequences

ü Comparing To The Transfer Of Assets To A GRAT .

ü How A Defective Grantor Trust Is Reported

ü The Karmazin Case

This course does not qualify for NY CLE

FORMS: Would you like excellent forms prepared by Mr. Siegel on this topic? Please go to our “Useful Forms For Lawyers” web site, www.NLFforms.com, click on “Estate Planning” and scroll down to the title “Intentionally Defective Trust Forms.” For a very reasonable price, you can immediately download and edit three useful forms: the Trust Agreement, Installment Sale Agreement and Promissory Note.