Grantor trusts are trusts which are income taxed to the “substantial owner” of the trust. Usually, the substantial owner is otherwise known as the “grantor” or “trustor.” Nongrantor trusts are trusts which are not grantor trusts. But, what is the tax reporting for grantor and nongrantor trusts? Read on to learn more.
Latest posts by Caprice Collins (see all)
- Why Would I Need a Secret Trust? - February 7, 2023
- Debunking Inheritance Planning Myths - January 26, 2023
- Tips for Alzheimer’s Caregivers - January 22, 2023