While to some it may seem basic, estate planners and clients face a bewildering array of different types of trusts that are often designated by an acronym such as a GRIT or a GRAT or title that has a Service Mark such as the “Supercharged Credit Shelter Trust.” This session will look at both well-known acronyms and less well-known acronyms in the trust and estate field and examine the advantages and disadvantages. Among the types of trusts and planning techniques to be discussed are: The Supercharged Credit Shelter Trust; ILITS (Irrevocable Life Insurance Trusts); SLATs (Spousal Limited Access Trusts); GRATs (Grantor Retained Annuity Trusts) and its cousin, the GRUT (Grantor Retained Unitrust); GRITs (Grantor Retained Income Trusts); QPRTs (Qualified Personal Residence Trusts); IDGTs (Irrevocable Defective Grantor Trusts); BING (Beneficiary Irrevocable Grantor Trusts); DINGs (Delaware Irrevocable Nongrantor Trusts); Charitable techniques such as CRTs (Charitable Remainder Trusts) and CLTs (Charitable Lead Trusts). Speakers: Thomas W. Abendroth, Chicago, IL Charles D. Fox, IV, Charlottesville, VA
ACTEC 2016 Annual Meeting March 19 & 20, 2016 Las Vegas, NV
