How it works
Grantor trust rules attribute income to the grantor when certain powers or interests are retained. Non-grantor trusts are separate taxpayers with compressed tax brackets.
Common uses
- — Income tax planning within estate plans
Key considerations
- — Classification is technical and can change
- — State tax treatment may differ
- — Professional tax advice is typically required
Educational content only. Not legal, tax, or investment advice. Trust law differs by jurisdiction. Consult qualified professionals before acting.
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