Publications

Sale to an IDIT for a Promissory Note – The Best Estate Planning Strategy (Gimmick) Going

Orange County Branch of the Society of Trust and Estate Practitioners

On Wednesday, February 8, 2023, Lewis Rice Estate Planning Co-Chair Michael D. Mulligan will present for the Orange County Branch of the Society of Trust and Estate Practitioners. His presentation, "Sale to an IDIT for a Promissory Note - The Best Estate Planning Strategy (Gimmick) Going", will examine the sale to an IDIT technique, along with a number of variations, including a sale to an IDIT in exchange for an annuity, which terminates upon the seller’s death and the sale to a so-called BIDIT.

To read the article associated with the presentation, click under "Resources" below.

Mike is Co-Chair of the Estate Planning & Probate Department at the St. Louis, Missouri office of Lewis Rice LLC. He is an originator of the estate planning strategy of sale to a defective trust for an installment note, which is now used by estate planners nationally. Mike has been elected to the Estate Planning Hall of Fame® and has been awarded the Accredited Estate Planner® (Distinguished) designation by the National Association of Estate Planners & Councils. Prior to joining Lewis Rice, Mike served as a law clerk to the Hon. William H. Webster, then U.S. District Judge, Eastern District of Missouri, subsequently Director of the Federal Bureau of Investigation and later the Central Intelligence Agency.

Resources