A trust may be taxed as either a grantor trust or a nongrantor trust. Each type of trust has advantages and disadvantages. This article by my friend and colleague Steve Hartnett, an estate planning expert, examines a nongrantor trust and situations in which it might be useful.
Nongrantor Trusts Can Be Very Useful in Certain Situations
- What the Heck are Digital Assets? - July 1, 2022
- What You Need to Know About Testamentary Trusts - June 29, 2022
- Good Estate Planning Advice Pays for Itself - June 27, 2022