When estate planning, it is critical to know who is the grantor of a trust, as it can significantly impact financial planning and estate strategy. As the individual who establishes a trust, the ...

Learn how trust funds work, their benefits, and the differences between revocable and irrevocable funds. Understand how they manage and protect assets for beneficiaries.

The key difference between a grantor trust and a non-grantor trust is how taxes are handled. In a grantor trust, the person who created the trust reports all trust income on their own tax return. In a ...

Depending on one’s personal situation, the choice between a grantor and non-grantor trust may be difficult and confusing to understand. After reading this article, someone making this decision will ...

Even the most sophisticated estate planners may be missing the point of grantor trusts. It's a risk-free, transfer-tax free, effortless wealth transfer tool that is much more powerful than most ...

If the assets of an irrevocable grantor trust are not included in grantor’s gross estate upon his or her death, those assets do not get a Sec. 1014 basis step-up, the IRS clarified Wednesday in Rev.

A grantor trust is trust where the grantor, or in some cases another person, is treated as the owner of the trust for federal income tax purposes. Items of income, deduction and credits of a grantor ...

January 13, 2023 - Irrevocable grantor trusts (also known as "intentionally defective grantor trusts" or "IDGTs") are one of the most effective and popular estate planning tools for families to shift ...

A grantor retained annuity trust, or GRAT, can help you transfer wealth to heirs while reducing your tax liability. Many, or all, of the products featured on this page are from our advertising ...