Contrary to what we think, a power of attorney can be made by everyone regardless of one’s age and property. A lawyer may ...
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 ...
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 ...
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 ...
Profit and prosper with the best of expert advice - straight to your e-mail. Sign up Intentionally defective grantor trusts (IDTs) are irrevocable trusts that are structured to be intentionally ...