The author writes "Regardless of recent challenges by local Department of Social Services offices, the Medicaid Asset ...

To understand the use of a tax reimbursement clause you need to first understand what a grantor trust is and how it works. When a trust is characterized under the income tax laws as a “grantor ...

A Grantor is the creator of a Trust, usually the owner of the property placed in the Trust; the Trustee manages the property, the beneficiary receives the income, principal or both. During the ...

At the time of the trust’s creation, everyone lived in the Bronx. The trust was initially created as a “grantor” trust, meaning that Gloria was personally responsible for paying the tax gene ...

Betsie Van der Meer / Getty Images A blind trust is a type of living trust where the grantor and beneficiary relinquish control and knowledge of the assets placed within the trust. Instead ...

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 ...

Often, the answer is an IDGT. An intentionally defective grantor trust, or IDGT, is not merely one of the most amusing terms in personal finance, but also a powerful tool for legally transferring ...

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 ...

California would like to crack down on a type of trust that lets the very wealthy avoid state income and federal gift taxes.

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 ...

Image source: Getty Images. The grantor can amend the trust in any way at any time without anyone else's permission. The grantor can continue to use and earn income from trust assets until they ...

The creator of the revocable trust, also known as the grantor, can change or cancel it after making it. As a result, ...