A deferred installment sales trust (IST) is an emerging alternative to the Section 1031 exchange, wherein the taxpayer has the opportunity to defer the gain on a sale without the restrictions of a Section 1031. An IST is an irrevocable trust that utilizes the installment sale treatment under IRC Section 453 in order to defer the taxes due on the sale of a business, real estate, or other highly appreciated taxable assets. The IST can safely diversify and let your money keep working hard, so you don’t have to!
You Will Learn
- A proven strategy to sell highly appreciated real estate, assets, or a business, and defer the capital gains
- How a deferred installment sales trust works, together with identifying the core structure and learning the pitfalls to avoid
- What happens after the sale, and how the IST continues to operate, invest, and pay out
- How the IRS treats installment sales, and when are they at risk for attack
Dawn Hallman, JD
Dawn D. Hallman is the Principal Attorney and founder of Hallman & Associates. As a nationally recognized estate planning attorney, Dawn has over two decades of experience creatively and effectively assisting ultra-high-net-worth clients. Her practice focuses on wealth transfer tax planning, tax and corporate aspects of business transitions, asset protection planning, and complex estate planning. Dawn has written numerous articles and papers, and is the coauthor of the Oklahoma Bar Association’s Electronic Form Book on Estate Planning, a comprehensive practice manual containing forms and explanatory text and analysis for lawyers.
American Cancer Society named Dawn Hallman as recipient of the inaugural National Professional Advisor of the Year Award. Dawn is named as Oklahoma Magazine’s “Top Attorneys in Oklahoma;” 405 Magazine’s “Top Attorney – Wills & Trusts;” and National Advocates “Top 100 Lawyers in Estate Planning.” Based on peer and judicial recognition, Martindale Hubble has awarded Dawn their highest ratings: AV Preeminent Attorney™, AV Preeminent Judicial Edition™, Super Lawyer™ in Wills & Trusts, and Top 1%.
Dawn Hallman holds both accounting and law degrees from the University of Oklahoma. Dawn has been married to Bradley Hallman, Professional Bass Angler, for 24 years; they have four children, ages 5-17. In her spare time, Dawn is Vice-Chairman for American Cancer Society’s National Gift Planning Advisor Council (NGPAC), and Vice-Chairman for two community banks in Oklahoma. Hallman has also served as Chairman for the Estate Planning, Probate and Trust Section of the Oklahoma Bar Association, and frequently lectures on topics related to her practice.
Registration Fee: $199
Archive: The archive will be in your FSPgo account (on the My Account tab).
CE Credits: There are no CE credits available for this program.
Note: This session was originally recorded at the FSP Institute on January 31, 2022.