BETIR Trust
 

BETIR Trust

The Beneficiary-Taxed Irrevocable Trust (BETIR Trust, pronounced "better trust") is a variation of the so-called "Intentionally Defective Grantor Trust" (IDGT), which means that it is an irrevocable trust that is treated as a grantor trust for tax purposes.

Like an IDGT, the BETIR Trust allows for tax-neutral funding and the client/beneficiary may receive tax-neutral repayments over time. Because the balance of the assets in the trust pass outside the client's estate at death, this form of trust is ideal for funding with cash-value life insurance.

The advantage of the BETIR Trust is that it is not considered a self-settled trust for collection law purposes, which means that it offers a very significant degree of asset protection that is not offered by a standard IDGT.

The BETIR Trust can be formed in any state, and is not dependent on any laws that are unique to particular states. Thus, the BETIR Trust is not restricted to so-called "Domestic Asset Protection Trust" (DAPT) states, such as Alaska or Delaware.

Click Here for more information on BETIR Trusts
 

The BETIR Trust is the preferred solution for high net worth individuals to provide both significant asset protection and estate planning benefits.

 

It is ideal for funding with cash value life insurance, and can also be funded with annuities.

 

Our unique strategies are door-openers for high net worth clients, and provides them with value-added services that the typical advisor or agent will never be able to compete with.

 

 

These strategies are completely domestic, with no offshore or hidden component, and all planning aspects are fully discloseable to the IRS without heightening audit risks.

  
  Selected Strategies 
 
Captive Insurance Companies   Closely-Held Insurance Company (CHIC)
a variation of a Captive Insurance Company
Nearly all major corporations now have captive insurance companies, and they are now being utilized by smaller businesses. The CHIC in appropriate circumstances can allow clients to purchase life insurance outside their estate with effectively pre-tax dollars.
     
BICOCO Billing & Collection Company   Billing & Collection Company (BICOCO)
Protects accounts receivables and revenue sources more efficiently than an A/R financing program, but without requiring the client to obtain a loan, make personal guarantees or loan payments, and which can be funded with either annuities or life insurance purchased outside the estate.
     
Synthetic Roth   Synthetic Roth (SynROTH)
Provides tax-free growth, but without the contribution limits of an ordinary Roth IRA, and both provides very solid asset protection even in states that do not protect IRAs and transfers the unused portion outside the owner's estate at death. Unlike a typical Roth, the SynRoth may be funded with cash-value life insurance.
     
RetireZ   RetireZ Plan
A non-qualified and heavily asset protected retirement plan that allows the participant to put away nearly an unlimited amount as well as protect the payments from creditors as they are made. A must-have for high-risk professionals.
 

 

  Contact Information
 

Those desiring to be clients of the firm should call 949.629.1176 to schedule a brief free call with a partner of the firm for the sole purpose of evaluating whether the matter and representation would be suitable. We do not answer general questions by phone. General questions directed to the firm should be e-mailed to:

questions  >at<  risad.com

Legal issues about the firm or this website should be transmitted by fax to 877.698.0678 or by mail to Jay Adkisson at 100 Bayview Circle, Suite 210, Newport Beach, CA 92660. Main office locations: Athens, Georgia and Orange County, California

 

 

 

 

 

© 2008 by Riser Adkisson LLP. All rights reserved. This website may not be reproduced in whole or in any part without the express written permission of Riser Adkisson LLP.  The firm's attorney who is responsible for this website is Jay Adkisson. Issues regarding this website should be directed to Mr. Adkisson by fax to 877.698.0678 or by mail to 100 Bayview Circle, Suite 210, Newport Beach, CA 92660.

Riser Adkisson LLP does not practice in any jurisdiction unless one its attorneys has been admitted to practice there, or an attorney of the firm has been properly admitted pro hac vice according to the local court rules of that state. Nothing in this website should be construed to be any advertisement for legal services directed to a state wherein Riser Adkisson LLP is not admitted to practice. Nothing in this website is any substitute for the services of a licensed attorney in the relevant jurisdiction.  Persons resident in a state where Riser Adkisson LLP does not have an attorney regularly admitted to practice law should consult with their own local licensed attorney about that attorney retaining Riser Adkisson LLP to assist the local attorney with any client matters that such attorney believes our services and advice would be helpful.

The information given in this website does not constitute legal or accounting advice or opinion, and should not be relied upon for any planning purposes. It is provided solely and exclusively for general, non-specific educational purposes, and to advise the reader of the nature of the services offered individually by us. Planning of this nature is necessarily very circumstance-specific and therefore it would be dangerous to apply the very general rules described herein to any singular fact-pattern. Prudence demands that you consult with an experienced professional licensed in your state before attempting any of the planning techniques described herein. Additionally, the information given in this website is not meant to be a substitute for legal representation. You should consult with your local attorney regarding your suitability for the techniques stated herein under your local laws.

Except as may be specifically described in a fully-executed client engagement letter, Riser Adkisson is not your counsel and you will not rely upon Riser Adkisson LLP for any advice, counsel or suggestions as to the proposed or actual tax treatment of any transaction. Likewise, Riser Adkisson LLP does not make any guarantees or assurances in connection with any product, transaction or strategy discussed by Riser Adkisson LLP. Prudence demands that you retain independent professional tax counsel to objectively advise you on any tax consequences of any product, transaction or strategy discussed by Riser Adkisson LLP. Prudence also demands that you retain appropriately qualified and independent tax professionals to advise you of your tax compliance and reporting requirements.