An Incomplete Non-Grantor Trust (“ING”) is a powerful vehicle that potentially eliminates state income/capital gain tax while taking advantage of Domestic Asset Protection. It is an incomplete gift that never leaves the settlor’s estate which means there is no gift tax, and it has a Non-Grantor status, meaning the income is taxed at the trust level.
Contact us to discuss this topic further at info@bridgefordtrust.com or by calling (605) 224-9189. You can also visit our website at www.bridgefordtrust.com.
Tax Planning
Trust Jurisdiction
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