Jessica Quintero Co-Presents on Beneficiary Defective Irrevocable Trusts (BDIT) at Strafford Webinar

St. Louis Partner Jessica N. Quintero co-presented at a Strafford CLE/CPE webinar on July 30, 2024 where she provided comprehensive and practical insights on structuring a beneficiary defective irrevocable trust (BDIT). As part of the panel, Jessica discussed how to identify circumstances in which BDITs are an optimal strategy, properly drafting the BDIT to avoid adverse tax consequences, structuring sales/loans to BDITs, incorporating Crummey powers into the instrument, and other key considerations when structuring a BDIT.

About this 90-minute Strafford CLE/CPE Webinar

Outline

1. Mechanics of BDITs; benefits and risks
2. Structuring BDITs; key provisions
3. Income tax considerations
4. Sales and loans to BDITs
5. Common challenges and mechanisms to avoid them

 

The panel will discuss these and other key issues:

• What items must be considered when utilizing a BDIT?
• What are the key provisions when drafting BDITs?
• How can BDITs minimize adverse tax consequences?
• How to shift appreciation and income tax burn
• What are the key considerations when structuring a sale or loan to a BDIT?
• Best practices for trusts and estates counsel