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intentionally defective grantor trust

Spanish translation: fideicomiso cesionista en provecho de hijos y/o nietos

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GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
English term or phrase:intentionally defective grantor trust
Spanish translation:fideicomiso cesionista en provecho de hijos y/o nietos
Entered by: Anthony Rivas
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10:26 Mar 8, 2008
English to Spanish translations [PRO]
Law/Patents - Law: Taxation & Customs / trust/tax law
English term or phrase: intentionally defective grantor trust
Jose makes a 2 M dollar gift to intentionally defective grantor trust
Anthony Rivas
United States
Local time: 22:08
fideicomiso cesionista/del cesionista con defecto/ error intencional
Explanation:

Hola

Hay un KudoZ anterior que traduce grantor trust: como fideicomiso cesionista

En un enlace que te copio abajo (es foto no puedo copiar) se dice que grantor trust es fideicomiso del otorgante

ahora "intentionally defective", más abajo te pongo la explicación de lo que es... pero... como se traduce? :) ahí esta la cuestión :)

con error intencional o defecto intencional... pudiese ser :)

http://books.google.com.bo/books?id=sKSrbsozkVIC&pg=PA258&lp...


The beneficiary of an IGDT is typically children or grandchildren, who will receive assets that have been able to grow without reductions for income taxes (which have been paid by the grantor).


Generally, a defective grantor trust is an irrevocable trust for the benefit of children and/or grandchildren in which the grantor does not retain any income interest. The trustee is someone other than the grantor. The spouse may be the trustee.

The trust is structured so that the grantor is treated as the owner of the trust for income tax purposes only under the rules set forth in Code Sections 671-678. These are known as the grantor trust rules; they were designed to impose income tax on the grantor even though the grantor is not the income beneficiary of the trust. This unique taxing feature provides planning opportunities to achieve gift and estate tax benefits for the grantor. The most significant of these benefits is to "freeze" the value of a closely-held business interest or real estate owned by the grantor.
http://www.kovkos.com/articles_defective_grantor.htm

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Note added at 29 mins (2008-03-08 10:56:15 GMT)
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o tambien otorgante o del otorgante
Selected response from:

Rocio Barrientos
Bolivia
Local time: 22:08
Grading comment
Gracias. Si bien no estoy de acuerdo, la traducción oficial de «grantor trust» que hace Rentas Internas de Estados Unidos es «fideicomiso cesionista», por lo que la uso con toda tranquilidad
3 KudoZ points were awarded for this answer

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Summary of answers provided
4fideicomiso cesionista/del cesionista con defecto/ error intencional
Rocio Barrientos


  

Answers


29 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5
fideicomiso cesionista/del cesionista con defecto/ error intencional


Explanation:

Hola

Hay un KudoZ anterior que traduce grantor trust: como fideicomiso cesionista

En un enlace que te copio abajo (es foto no puedo copiar) se dice que grantor trust es fideicomiso del otorgante

ahora "intentionally defective", más abajo te pongo la explicación de lo que es... pero... como se traduce? :) ahí esta la cuestión :)

con error intencional o defecto intencional... pudiese ser :)

http://books.google.com.bo/books?id=sKSrbsozkVIC&pg=PA258&lp...


The beneficiary of an IGDT is typically children or grandchildren, who will receive assets that have been able to grow without reductions for income taxes (which have been paid by the grantor).


Generally, a defective grantor trust is an irrevocable trust for the benefit of children and/or grandchildren in which the grantor does not retain any income interest. The trustee is someone other than the grantor. The spouse may be the trustee.

The trust is structured so that the grantor is treated as the owner of the trust for income tax purposes only under the rules set forth in Code Sections 671-678. These are known as the grantor trust rules; they were designed to impose income tax on the grantor even though the grantor is not the income beneficiary of the trust. This unique taxing feature provides planning opportunities to achieve gift and estate tax benefits for the grantor. The most significant of these benefits is to "freeze" the value of a closely-held business interest or real estate owned by the grantor.
http://www.kovkos.com/articles_defective_grantor.htm

--------------------------------------------------
Note added at 29 mins (2008-03-08 10:56:15 GMT)
--------------------------------------------------

o tambien otorgante o del otorgante

Rocio Barrientos
Bolivia
Local time: 22:08
Works in field
Native speaker of: Native in SpanishSpanish
PRO pts in category: 21
Grading comment
Gracias. Si bien no estoy de acuerdo, la traducción oficial de «grantor trust» que hace Rentas Internas de Estados Unidos es «fideicomiso cesionista», por lo que la uso con toda tranquilidad
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