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
- Should In Re Gregory Hall Trust Change the Way We Think About Amending Trusts? - June 8, 2023
- Understanding the Role of Life Insurance in Estate Planning - June 6, 2023
- What It Means to Disclaim - June 4, 2023