Sale to an IDIT for a Promissory Note – The Best Estate Planning Strategy (Gimmick) GoingFebruary 8, 2023 – 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.