The current Congress is mulling making major changes to grantor trust rules. These changes would likely make future grantor trusts have little or no estate or gift tax value. But most everyone ...

Congress reacted to that type of planning by enacted rules to cause the income of certain trusts to be taxed to the person considered the grantor of the trust. That limited many types of income ...

Grantor trust rules are part of the tax code The grantor trust rules are part of the Internal Revenue Code (IRC), which are found in Title 26 of the United States Code, the U.S. federal laws ...

A blind trust is a type of living trust in which neither the grantor nor the beneficiary have no control over or knowledge of ...

Termination of grantor trust status due to the taxpayer’s death ... you updated on the estate and gift implications of OZone rules. This article is provided solely for the purposes of enhancing ...

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 ...

If Max or Jason received a distribution from the trust, either would generally be responsible for all or a portion of the tax due. States differ in their rules on taxation of non-grantor trusts.

These tools also take advantage of the grantor trust rules to generate additional estate planning benefits. The trust’s income is taxed to you, as grantor, allowing the assets to grow tax-free ...

you’ll need to draft a trust document, either on your own or with the help of an estate lawyer, that lays out the grantor, trustee, beneficiaries, and assets. Then you sign and notarize the ...