If you’re interested in transferring wealth to your loved ones and want to reduce estate taxes, an intentionally defective grantor trust (IDGT) may be the solution. Partner with Crow Estate Planning & Probate to discuss how an IDGT works and determine whether this estate planning technique aligns with your financial goals.
When you create an IDGT, you’re known as a grantor, and you’re treated as the trust’s owner for income tax purposes. As the grantor, you are responsible for reporting and paying tax on any income the trust generates. Any assets within the trust are excluded from the taxable estate when the wealth transfers to beneficiaries. Some key features of this estate plan include:
Crow Estate Planning & Probate is committed to helping you prepare for the future and navigate complex legal challenges. We use a personalized approach to get to know you and understand your financial journey. When you request our IDGT services, we’ll schedule a free consultation to discuss your estate planning options.
The process involves creating an organized plan for your estate and submitting the legal paperwork to make it official. Our attorneys will walk you through each step and provide a seamless, stress-free experience from start to finish. We can answer your questions and offer educational resources to help you feel confident in making informed decisions.
Our estate planning lawyers will ask how you’d like your funds and assets distributed after you pass away. We’ll use this information to construct a detailed legal document and ensure your exact specifications are followed.
We’ll help you complete and legally finalize paperwork that names your executor and power of attorney (POA). Your executor is in charge of ensuring your will and estate are properly read and distributed. Your POA must make decisions regarding your assets and life if you cannot do so yourself.
When we help you establish your estate, we can add as many beneficiaries as you want. A beneficiary refers to anyone who will gain something from your estate upon your passing. Typically, people name their family, friends, or charities as their beneficiaries.
Our lawyers can help you set up your estate plan and name a trustee, who is independent from the grantor. The trustee will be responsible for managing the trust’s assets, making investment decisions, and distributing inheritance to the beneficiaries as outlined in your IDGT documents.
Save time, effort, and money when you work with Crow Estate Planning & Probate. We offer the following:
At Crow Estate Planning & Probate, we believe you should have an attorney who understands your situation and puts your needs first. During your free consultation, our IDGT lawyers build a trusting relationship with you and explain your asset transfer options. You’ll receive transparent pricing information with flat fees so you know what our legal services and documents will cost.
Call 931-213-5543 or contact us to schedule your appointment today.
The Crow law firm was absolutely wonderful from start to finish.the entire team was professional, knowledgeable and courteous. Above all they were absolutely caring in helping me through a difficult time. I highly recommend this law firm.all my needs were taken care of and were handled in a timely manner…I am forever grateful.
I cannot recommend Thomas Steelman highly enough! From the very start, he made the entire process of setting up our estate trust absolutely painless. His expertise and clear explanations turned what I expected to be a daunting task into a smooth and stress-free experience.
Not only did he handle every aspect of our estate trust with great attention to detail, but he (and law firm colleagues) also took care of transferring over our home deeds so we didn’t have to deal with the hassle of going to the county office ourselves. That alone saved us so much time and stress!
I honestly thought the process was going to cost a small fortune, but I was pleasantly surprised by how reasonable the pricing was. Most importantly, though, Thomas gave us peace of mind knowing that our hard-earned assets are protected and will go exactly where we want them—without placing unnecessary burdens on our loved ones.
If you’re looking for a knowledgeable and professional estate trust attorney, Thomas and team are the ones to trust. ⭐⭐⭐⭐⭐
John and his team did an amazing job helping my family get our affairs in order. Could not recommend them more!
hey are so prompt to respond and attentive!