Grantor and Non-Grantor Trusts

Grantor and Non-Grantor Trusts

Trusts have served as integral tools in tax planning for numerous decades, offering various advantages such as: Reducing income tax liability Diminishing estate tax liability Bypassing probate Shielding assets from creditors Dictating posthumous wealth utilization Despite their widespread utility, the term “trust” encompasses a diverse range of trust types, causing many individuals to feel overwhelmed […]

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