Properly established and maintained, an incomplete gift nongrantor trust may play a valuable role in some clients’ estate ...

A grantor is an individual or other entity that creates a trust. Their assets are placed into the trust. A grantor may also function as the trustee and may be referred to as the settlor ...

“Grantor” and “grantee” are legal terms that respectively apply to the seller and buyer. In a rental agreement, the terms apply to the landlord and tenant. The relationship between grantor ...

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

The grantor carries several legal responsibilities during a real estate transaction. One of the primary duties is to provide ...

Grantor trust rules are guidelines in the Internal Revenue Code (IRC) that outline certain tax implications of a grantor trust. These rules mandate the individual who creates a grantor trust as ...

June 21, 2023 - On March 30, 2023, the Internal Revenue Service issued Revenue Ruling 2023-2, which directly impacts a wide range of irrevocable trusts, including grantor retained annuity trusts ...

Taxpayers may be subject to the risk that an IRS examination could increase (or create) a gift tax or estate tax liability many years after a gift is made. Practitioners can help clients limit this ...

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 ...

In a grantor trust, the grantor (e.g., the creator of the trust or a person who made a gratuitous transfer to the trust) must report on her personal income tax return all items of income ...

A trust must be set up as either revocable or irrevocable and have a grantor, at least one beneficiary, and a trustee. Depending on the type of trust fund, one or more of these parties may be ...