Grantor trusts are trusts which are income taxed to the “substantial owner” of the trust. Usually, the substantial owner is otherwise known as the “grantor” or “trustor.” Nongrantor trusts are trusts which are not grantor trusts. But, what is the tax reporting for grantor and nongrantor trusts? Read on to learn more.
- Estate Planning Reduces Stress During High Anxiety Times - December 16, 2021
- Changing “Irrevocable” Trusts Through Use of a Trust Protector - November 4, 2021
- Advantages of Using a “Grantor Trust” in Planning - October 14, 2021