The key difference between a grantor trust and a non-grantor trust is how taxes are handled. In a grantor trust, the person ...

Editor’s note: This is part 14 of an ongoing series about using trusts and LLCs in estate planning, asset protection and tax planning. The effectiveness of these powerful tools — especially for asset ...

Since the beneficiaries’ shares in the trust are ascertainable, the trust qualifies as a specific trust. Moreover, as your father irrevocably settled the property into the trust, it is classified as a ...

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Transitioning the Trust to its own EIN led to a significant tax increase, prompting a full portfolio and tax strategy review. I de-risked the portfolio, shifting from 100% stocks to a diversified mix ...