California’s New Retroactive
Anti-Incomplete Gift Trust Statute

Signed Into Law a Retroactive Tax on
“INGs” — Incomplete Gift Non-Grantor Trusts

On July 10, 2023, California Governor Gavin Newsom signed into law a retroactive tax on “INGs” — Incomplete Gift Non-Grantor Trusts. In this fast-paced presentation, Robert Keebler will present a summary of California’s new fiduciary income tax law requiring incomplete trusts to be taxed in California as a California grantor trust.

This is a must-have informational presentation for all California, Alaska, Delaware, Nevada, South Dakota and Wyoming trust officers, CPAs and trust and estate lawyers.

We have turned to nationally renowned CPA and tax planning expert, Robert S. Keebler, CPA/PFS, MST, AEP (Distinguished), CGMA, for a program entitled, “California’s New Retroactive Anti-Incomplete Gift Trust Statute”.

During this 64-minute presentation, Bob will address precisely what the Bill does and solutions, including:

• Overview of prior California law and Federal law.
• Overview of the new statute.

• The election to be treated as a California “nongrantor trust.”
• No free lunch on earlier “throwback years.”

• The use of completed gift trusts to avoid the reach of the California law.
• The use of charitable remainder trusts to defer Federal and California Tax.

• Transferring property from existing INGs to completed gift trusts.
• Selling property from INGs to completed gift trusts via IRC § 453 installment sales.

• Using life insurance and other tax shelter strategies.
• Other ideas to mitigate California’s attempt to checkmate the ING strategy.

• And much more!

Your purchase includes: Downloadable PDF handouts materials and MP3 audio recording and exhibits. A PDF transcript may be added on for an additional fee during the checkout process.