CA recently passed legislation disallowing ING trusts by treating them as grantor trusts for state purposes retroactive to January 1, 2023. In this episode of the PFP Section podcast, Bob Keebler, CPA/PFS, interviews expert Steve Oshins, JD, LLM, to guide CPA financial planners on how to rectify this situation. They discuss:

What are ING trusts and why are they used in planning for clients?
What does the CA legislation allow and not allow going forward?
How to pivot to a different technique that still allows for impactful results?
Planning opportunities that may be being missed in NY where INGs were disallowed beginning in 2014.
What needs to be done now?

For more resources related to this episode, access:

The Proactive Planning Toolkit, exclusive to PFP Section members

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How the recent CA anti ING trust legislation impacts planning {PFP Section}

AICPA Personal Financial Planning (PFP)

How the recent CA anti ING trust legislation impacts planning {PFP Section}