Grantor trusts relate to the taxation of a trust’s income and the protection of estate assets. Grantor trusts will notate who pays the tax on income generated by the trust and also to insulate the estate’s assets from the Grantor.
One of the main purposes of an grantor trust is to help ease tax burdens. The trustee will have to pay income taxes, but will gain control over the trust property. These types of trusts must be done by the grantor ...
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2015