When Pierre DuPont engaged in his classic “Freeze Transaction” in the 1930’s, he was able to freeze the value of $15 million worth of stock that was eventually sold for $500 million by his children. But this was a risky transaction predicated upon one massive gamble — that the value of the DuPont Corporation would continue to increase.
Today, you can help your clients with advanced asset and tax planning with much more security by using irrevocable trusts. Attorney Jacob Stein, a true master of his craft, will dispel myths about irrevocable trusts and show you how they are commonly deployed in estate & income tax planning. Jacob will address the following topics: modern drafting practice, trust protectors & retaining control, the trust as an agreement, trusts & the two bundles of rights, revoking the trust, retaining the power to control & amend the trust, appointing the trust protector, defining the power given to the trust protector, Intentionally Defective Grantor Trusts (IDGT), state tax planning, DINGs & WINGs.
Jacob Stein is a partner with the law firm Aliant, LLP, in Los Angeles, California. A prolific writer and speaker, Mr. Stein has represented over a thousand clients, from Forbes 400 families to Internet entrepreneurs. He focuses on asset & income protection, in addition to International Tax issues.