An early version of the grantor trust rules was enacted in the 1920s. The rules were designed to prevent taxpayers from transferring to a trust income-producing assets that would be taxed at a high ...

Grantors of Pennsylvania irrevocable trusts may now elect to pay the income taxes on the trusts’ income under the recently signed Act 64 of 2023, provided that such trusts qualify as “grantor trusts” ...

When estate planning, it is critical to know who is the grantor of a trust, as it can significantly impact financial planning and estate strategy. As the individual who establishes a trust, the ...

Trusts are described in multiple ways, including: living or testamentary, revocable or irrevocable and grantor or non-grantor. These terms are not always mutually exclusive. A trust can be living, ...

Learn how trust funds work, their benefits, and the differences between revocable and irrevocable funds. Understand how they manage and protect assets for beneficiaries.

Jack Brister, partner, Montrose Accounting Company, LLC, New York, N.Y. The enactment of the Small Business Job Protection Act of 1996 expanded the differences in grantor trust rules for foreign and ...

Notwithstanding the recent government shutdown, the IRS still delivered cryptocurrency tax guidance this month, including a safe harbor authorizing some grantor trust structures to stake ...

A grantor transfers a right to property by creating a trust, giving a gift or making a sale. Many, or all, of the products featured on this page are from our advertising partners who compensate us ...