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Beneficiary Deemed Owner Trusts Under IRC 678(a)(1): Using BDOTs for Income Tax Savings and Simplification
Shifting Income Tax To Beneficiaries and Away From Fiduciaries, Preserving Deductions, and Choosing Estate Inclusion
Hosted by: Strafford
Nelson Mullins partners Maurice Holloway and Blake Betheil will present a live 90-minute CLE video webinar with an interactive Q&A. This webinar will provide a comprehensive and practical guide to structuring a beneficiary deemed owner trust (BDOT). The panel will discuss the provisions of Section 678 in depth, detail the income tax benefits of granting beneficiaries withdrawal rights over trust income but not principal, and distinguish BDOTs from beneficiary defective inheritor's trusts and other similar structures. The outline for this presentation includes:
- IRC 678 provisions.
- Structuring beneficiary power to withdraw income to shift taxation to a beneficiary holder.
- Differentiating between BDOT income withdrawal and beneficiary deemed inheritance trust.
- Specific benefits and advantages of BDOTs.
- Drafting considerations and risks to avoid.
Thursday, Sept. 23, 2021
1 - 2:30 p.m. EDT
These materials have been prepared for informational purposes only and are not legal advice. This information is not intended to create, and receipt of it does not constitute, an attorney-client relationship. Internet subscribers and online readers should not act upon this information without seeking professional counsel.
