The grantor of an irrevocable trust gives up all ... Per stirpes is a Latin term meaning “by branch.” In the context of wills, it is a legal term stipulating that should a beneficiary ...

The grantor can amend the trust in any way at any ... When you use a will to define the distribution of your assets, those assets go through probate, while trust assets do not.

Typically, a trust must file a separate income tax return for each calendar year. However, for most grantor trusts, filing a separate tax return is optional. The general rule and the alternative ...