Do You Have Clients
Living In a High State Income Tax
(Then listen to this!)
Earlier this month, the IRS issued Private Letter Ruling 201310002 which allowed a so-called “Nevada Incomplete Gift Non-Grantor Trust”, otherwise known as “NING”. This is a special type of trust set up by a resident of a state with a high income tax in order to reduce or even eliminate his or her state income taxes.
This type of trust had been marketed heavily in the State of Delaware as a “DING” Trust, which now would be considered risky to do under Delaware law based on a 2012 IRS Ruling regarding gift tax issues. With this new ruling, it now seems that Nevada is the jurisdiction of choice. Whether you’re an attorney, an accountant, a financial planner, a life insurance advisor or a trust officer, this teleconference will give you a new tool to implement in your practice - - that almost no one else knows about and will set you apart from the competition!
Join us and two great guest speakers for a very special teleconference. Estate planning guru William (“Bill”) Lipkind, the attorney who drafted the actual NING Trust examined by the IRS and applied for and obtained the actual PLR, will be speaking along with nationally renowned estate and asset protection planning attorney Steve Oshins (who Bill hired for the Nevada state law review of this NING Trust). Join us for a plain-English, straightforward presentation titled, “The NING Trust: Saving Significant State Income Taxes for Your Clients in High State Income Tax Jurisdictions”.
On this 60-minute program, you will learn…
- The history of the NING Trust, including old Private Letter Ruling references and IRS problem areas
- The basic fact pattern of the March 8th Private Letter Ruling, straight from the attorney who obtained it
- How a NING Trust works and which clients are candidates
- Why the NING Trust must provide protection from creditors in order to save state income taxes
- Why there are no adverse gift taxes to the client who funds the trust
- How the client’s existing wealth advisors can continue to invest the trust assets
- A plain-English breakdown of the essential terms of the NING Trust so you can explain this to a potential client