The Death of INGs in California – Presentation by Bridgeford

Join Bridgeford to discuss CA’s move to abolish ING trusts and help advisors and their clients understand that “all is not lost.”

Recent legislation enacted in California codified California state income tax treatment of incomplete non-grantor (ING) trusts, requiring the income of an ING trust to be reported in a qualified taxpayer’s gross income. Therefore, if you have a non-grantor trust as defined by the Internal Revenue Code, California will treat it as a grantor trust for state income tax purposes, effective retroactive to January 1, 2023. This “death of INGs” in California has caused residents to lose hope in finding victory in the tax space, but “all is not lost” for California’s residents.

Bridgeford and Wilson Elser are hosting this upcoming presentation in Orange County. David Warren, Bridgeford’s Co-Founder and Chairman, and William Lipkind, Attorney, Partner, and Chair of Wilson Elser’s Tax Planning & Controversies Practice, will discuss this move by California to abolish ING trusts and help advisors and their clients understand that there is still hope for California residents to find victory in the tax space, as there are powerful tax planning tools and strategies available in top-tier jurisdictions, such as South Dakota, with or without the use of ING.

Orange County Presentation Details:

Date: Monday, December 4, 2023

Location: Rusty Pelican at 2735 West Coast Highway, Newport Beach, CA 92663

Agenda:

• Guest Arrival – 4:30-5:00pm
• Presentation – 5:00-6:30pm
• Reception – 6:30pm-7:30pm

Limited space is available for this free presentation, so register today to secure a spot!