The Basics of BDITs

A Beneficiary Defective Inheritance Trust (“BDIT”) is an irrevocable trust that freezes the value of assets for gift and estate tax purposes when such assets are sold to the trust by a beneficiary (“beneficiary-seller”), who has the added benefit of being eligible to...

CTC 2015 Annual Newsletter

Commonwealth Trust Company’s 2015 Annual Newsletter includes the following topics: Delaware Tax Trap Planning – How to Take Advantage of a Step-Up in Income Tax Basis in a World of Increased Estate Tax Exemptions Delaware Asset Protection Trusts as an...