Trusts are useful vehicles both during life and after death. This article examines how trusts are income taxed. Grantor trusts are taxed to the grantor, regardless of whether the income is distributed to them. Nongrantor trusts are separate taxpaying entities but get a deduction for distributions to beneficiaries. Read the article to learn more.
- Estate Planning Reduces Stress During High Anxiety Times - December 20, 2021
- Living Will vs. Living Trust: What’s the Difference? - December 13, 2021
- The Other Side of the Unauthorized Practice of Law - December 6, 2021