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Hosted by The Tampa Bay Estate Planning Council

Sales to IDGT

For high-net-worth individuals who built their wealth through entrepreneurship and creating a business with substantial value, a significant challenge is not only that the business will someday be subject to estate taxes, but that the continued growth and success of the business just compounds the problem further.

Accordingly, an increasingly popular strategy in recent years to manage this issue is the Intentionally Defective Grantor Trust (IDGT), a unique type of trust structure where the income of the trust is still the grantor’s for income tax purposes, but the assets of the trust are excluded from his/her estate for estate tax purposes. In other words, the trust is “effective” for estate taxes, but “defective” for income taxes.

Join us as Chris Coats of Baker Donelson shares his insights on using this strategy.

About the Evening

Join us for cocktails with one of the best views of Tampa Bay. That's followed by a delicious meal with great dinner conversation.

5:15 pm - Networking Social (Cash Bar)
6:00 pm - Dinner and Program
7:30 pm - Meeting Concludes

Parking Information
Convenient parking is available in the garage located on Tampa Street, connected to Bank of America building via skybridge. Please bring parking ticket to club where it will be stamped to receive our preferred parking rate. Parking after 4:30 pm and on weekends is free.

Reservation Options
Please use one of the reservation options below.

Wednesday, January 17, 2018
5:15 PM - 7:30 PM

Location

The Tampa Club
41st Floor
101 E Kennedy Blvd
Tampa   FL   33602
(813)229-6028
 
Website for Location
Map for Location



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Non-Member Fee - $40

Speaker Profiles

 

Mr. Coats represents high net worth individuals, families and closely held entities in sophisticated estate, gift and generation-skipping tax planning, business succession planning, income tax planning, and estate and trust administration.

Mr. Coats has extensive experience in wealth transfer planning including drafting complex wills and generation-skipping trusts, intentionally defective grantor trusts (IDGTs), grantor retained annuity trusts (GRATs), revocable trusts, inter vivos QTIP trusts, life insurance trusts, charitable remainder trusts, qualified personal residence trusts, disclaimers and other estate planning instruments. In addition, he regularly prepares and reviews federal estate and gift tax returns and Tennessee inheritance and gift tax returns.

He has represented numerous clients in both gift and sale transactions of business interests (including voting and non-voting limited liability company interests, general and limited partnership interests, and voting and non-voting closely held corporate stock) and real property (including farm property, investment property, vacation homes and undivided interests in various types of real estate).

Mr. Coats has substantial experience drafting limited liability company agreements, limited partnership agreements and shareholder agreements. He frequently advises clients on and assists with the formation, operation and disposition of family limited liability companies and family limited partnerships. He also works on transactions and other matters involving corporate tax and partnership tax issues.

He also has significant experience drafting and negotiating antenuptial (premarital) agreements and assisting clients in protecting and preserving wealth for future generations.



Registration Fee
 
Non-Member
$40.00