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Fundamentals of Beneficiary Defective Inheritor's Trust


Understand how to transfer business operations to future generations without overpaying the Internal Revenue Service using the Beneficiary Defective Inheritor Trust.

Many wealthy clients that have developed and run a family business are concerned with the transfer of that business to future generations without enriching the Internal Revenue Service because of the transfer. By using the Beneficiary Defective Inheritor Trust (BDIT), this can be accomplished using legal drafting techniques in conjunction with current law, regulations, and case rulings. The client would not lose control of their business that is required in many other planning techniques. The techniques involved require coordination between the lawyer, CPA, financial advisor, valuation expert, and the client. They are all working to affect the transfer of the business in a manner that will not expose the current and future generations to creditor problems because of lawsuits or divorce. The BDIT also has provisions which will allow for changes in the document to deal with changes in future family dynamics.

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Fundamentals of Beneficiary Defective Inheritor's Trust


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Fundamentals of Beneficiary Defective Inheritor's Trust


Michael W. Halloran, CFP, AEP, ChFC, CLU

Michael W. Halloran, CFP, AEP, ChFC, CLU

Northwestern Mutual

  • Wealth Management Advisor at Northwestern Mutual
  • Enjoys working with high net worth clients in growing and protecting their estate
  • Awarded admission into the Estate Planning Hall of Fame in 2015
  • Speaks around the country talking in estate, insurance, and investment planning
  • Professional designations; AEP (Distinguished), CFP, CLU, ChFC, RHU, REBC, RICP, & LITCF
  • Featured in publications including; National Underwriter, Capital Executive, New York University Review, Money, Life Association News, Life Insurance Selling, USA TODAY, New York Times, Chicago Tribune, Congressional Quarterly, Dow Jones and News Wire
  • Member of the National Association of Estate Planners and Councils (NAEPC), National Association of Insurance and Financial Advisors (NAIFA), and the Society of Financial Service Professionals
  • B.S. degree, Florida State University; M.S.F.S. degree, American College of Financial Services; M.S.M. degree, American College of Financial Services
  • Can be contacted at [email protected] or 904-399-8308
No photo available

Richard A. Oshins, Esq.

Oshins & Associates, LLC

  • Shareholder of the Las Vegas law firm of Oshins & Associates, LLC where he concentrates in tax and estate planning with a substantial emphasis on multi-generational wealth planning particularly with regard to closely held businesses
  • One of America’s top estate planning lawyers advising wealthy clients throughout the United States
  • Listed in both The Best Lawyers in America and Martindale-Hubbell’s list of Preeminent Lawyers from their inception
  • Served as a law clerk for the United States Court of Claims in Washington, D.C. and as an Attorney Advisor in the Office of Tax Legislative Counsel, U.S. Treasury Department, in Washington, D.C.
  • Advisory board of the NYU Institute on Federal Taxation, the Editorial Board of Estate Planning Magazine and the Attorney Advisory Board for Merrill Lynch Trust
  • Lectured extensively on innovative tax and estate planning strategies and is the author or co-author of many articles including; Journal of Taxation, Trusts and Estates, The Tax Executive, Estate Planning, C.L.U. Journal, Real Property Probate & Trust Journal, NYU Institute on Federal Taxation, Southern California Institute on Federal Taxation, CCH Financial and Estate Planning, Community Property Journal and Tax Notes
  • J.D. degree, St. John’s School of Law; M.B.A. degree in taxation, with honors, University of California at Berkeley; LL.M degree in taxation, with honors, George Washington University School of Law
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Fundamentals of Beneficiary Defective Inheritor's Trust

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