Trusts are useful vehicles both during life and after death. This article by my friend and colleague Steve Hartnett, an estate planning expert, examines how trusts are income taxed. Grantor trusts are taxed to the grantor, regardless of whether the income is distributed to them. Nongrantor trusts are separate taxpaying entities but get a deduction for distributions to beneficiaries. Read the article to learn more.
- 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
Leave a Reply
You must be logged in to post a comment.