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 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 ...

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

The IRS must go to trial to prove that a foundation is a foreign grantor trust, the US Tax Court said, leaving open the ...

“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 ...

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

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

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 ...

Both grantor and grantee can come with a variety of meanings, depending on the context. When it comes to the world of real estate transactions, the terms can apply to a few different situations.

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 ...

The grantor of a trust can change, modify, or revoke the trust at any point. Upon the grantor’s death or incapacity, adesignated trustee will manage and distribute the assets according to the ...