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

To continue reading this content, please enable JavaScript in your browser settings and refresh this page. Trusts are valuable tools for estate planning. They allow ...

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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Editor’s note: This is part 11 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 ...

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 ...