A trust may be taxed as either a grantor trust or a nongrantor trust. Each type of trust has advantages and disadvantages. This article examines a grantor trust and situations in which it might be useful.
Grantor Trusts Provide Flexibility and Ease
Yvonne M. Novak received her Bachelor of Arts Degree from the College of St. Scholastica and her Law Degree (Juris Doctor) With Distinction from the University of North Dakota School of Law. Prior to opening her law firm, she worked as a paralegal, investment representative, and licensed nursing home administrator... Read More!
Latest posts by Yvonne Novak (see all)
- Asset Protection for Small Business Owners: Preserve Your Legacy - October 16, 2026
- Estate Planning 101: The Core Components - October 1, 2026
- Can a Trust Provide Incremental Distributions? - August 18, 2026