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.
All the folks at Crow Estate Planning are super helpful and ready to assist in any way they can. I felt very comfortable and appreciated the knowledge and wisdom they provided in making important decisions.
Wessley was great. He answered all of our questions and took great care of 2 generations in my family. The turn around for completion was quicker than I thought. When we have needs in the future we will return to Crowe estate planning for assistance.
Very pleasant experience. Staff very friendly and professional.
Excellent Firm to do Business with.
Excellent service! Very nice, professional, and thorough. Highly recommend!
My wife and I needed to get our will in order. Kyle Shannon and his team were very professional and knowledgeable about our requirements. Our needs were met in a timely manner. We highly recommend this office.
John took time during our consultation to answer all our questions and provide us with information to help us make the best decisions. His office was responsive and flexible scheduling and rescheduling appointments for us and ensuring we had all we need to move from step to step.
Mr.Crow is a very trustworthy attorney that you can count on to gives you great advise, and direction to make the best decision for you
Very attentive. Made sure to clearly understand my needs and expectations for setting up my trust.
Mr. Shannon, there are no words to express my gratitude and appreciation for your professionalism, knowledge of law, and always having a direct and concise answer to any and all of my questions. You and your team did not fail me. You are truly a credit to your profession. Your mannerisms were beyond expectations! On a side notethe office building added a tint of charm to the time period. I was truly impressed! Thank you so much for your assistance and I wish you the best as you move forward through your law career.
Thomas Steelman 
John Crow 
Jonathon Garnett 
