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'I DIG IT' Divorce
The wonderful tax actonym IDIGT (pronounced: “I dig it”) stands for an Intentionally Defective Irrevocable Grantor Trust. Selling assets to an irrevocable trust has become the favorite leisure activity of the ultra-wealthy, not only because it makes for great conversation on the golf course, but also because it can provide an incredible array of tax and asset protection benefits. However, rather than extol the benefits of this technique, here are some issues to consider when Junior gets divorced and Junior's Ex wants to Dig It too.
Fiduciaries
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The Article 8 Opt In
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Warehouse Liability: Know Before You Stow!
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