Michael D. Mulligan Publishes Article in ACTEC Law Journal Comparing Sales to an Intentionally Defective Irrevocable Trust and a to Beneficiary Intentionally Defective Irrevocable Trust

Lewis Rice member Michael D. Mulligan published an article in the Summer 2021 edition of ACTEC (American College of Trust and Estate Counsel) Law Journal. ACTEC Law Journal is a high-level academic journal that explores tax, trust, and estate topics in depth, and discusses the consequences and applications of the rapidly changing rules in these areas of law. The article examines the sale to an Intentionally Defective Irrevocable Trust (IDIT) and to a Beneficiary Intentionally Defective Irrevocable Trust (BIDIT) and argues that a sale to a BIDIT should be a successful estate planning strategy.

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Mike is a principal originator of the estate planning strategy of sale to defective trust for an installment note, which is now widely used by estate planners nationally. He 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.