The grantor of a trust can change, modify, or revoke the trust at any point. Upon the grantor’s death or incapacity, ...

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 ...

Contrary to what we think, a power of attorney can be made by everyone regardless of one’s age and property. A lawyer may ...

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 ...

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 ...

These gifts often are made in trust for asset protection purposes and to achieve additional tax benefits. A grantor retained ...

Once you know how you’d like the trust to be structured, 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 ...

The grantor of a trust can change, modify, or revoke the trust at any point. Upon the grantor’s death or incapacity, adesignated trustee will manage and distribute the assets according to the ...