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 nongrantor trust and situations in which it might be useful.
Nongrantor Trusts Can Be Very Useful in Certain Situations
- Death and Your Digital Footprint - September 15, 2022
- The Toll of Serving as Fiduciary - June 20, 2022
- How Estate Planning Documents Help Prevent Elder Abuse - May 19, 2022