Your English writing platform
Discover LudwigExact(2)
Who wants a defective trust?
Another technique that's gaining adherents is something called an installment sale to a defective trust.
Similar(56)
Dynasty trusts are often established as "defective grantor trusts," in which income is taxed not to the trust but to the person who created it.
Jere Doyle, wealth strategist at the Bank of New York Mellon, said he could envision using another strategy, called a sale to an intentionally defective grantor trust, to turn that $5 million gift tax exemption into a $50 million transfer tax-free.
The jargon: "defective grantor trust".
Sale to a Defective Grantor Trust.
Installment sale to defective grantor trust.
It is built around a defective grantor trust.
No one knows how many loans went into securitization trusts with defective documentation.
In this case the trust is just defective enough to avert some potential income tax problems but nonetheless able-bodied enough to work for estate tax purposes.
Everybody is defective but if someone reveals their vulnerability, I trust them more.
Write better and faster with AI suggestions while staying true to your unique style.
Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com