An intentionally defective grantor trust is an estate-planning tool that is used to freeze certain assets of an individual for estate tax purposes, but not for income tax purposes. It is created as a grantor trust with a loophole that allows the trustor to continue paying income taxes on certain trust assets, as income tax laws will not recognize that those assets have been transferred away from the individual.
Because the grantor must pay the taxes on all trust income annually, the assets in the trust are allowed to grow tax-free, and thereby avoid gift taxation for the grantor’s beneficiaries. Thus, it is a loophole used to reduce estate tax exposure. This form contains some alternate provisions that the user may modify to suit the particular desires and needs of the grantor.
Orlando Florida Intentionally Defective Grantor Trust
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The cost of living in Orlando, FL is 2% higher than the state average and same as the national average. Orlando, FL housing is 7% more expensive than the U.S average, while utilities are about 10% less pricey.
Orlando cost of living: $100,298 to live 'comfortably,' study says | Commentary.
The cost of living in Orlando is lower than the national average. This means that people from all walks of life can afford to live here. The city has a thriving economy, which is great for people looking for job opportunities.
Yes, Orlando is home to some great cultural institutions that go way beyond the Disneyfied global mock-ups you'll find at Epcot. And many of them are patronized mostly by adults, making them a rare piece of Orlando real estate where grown-ups can get some child-free time.