A trust may be taxed as either a grantor trust or a nongrantor trust. Each type of trust has advantages and disadvantages. This article examines a nongrantor trust and situations in which it might be useful.
Latest posts by Scott Schomer, Estate Planning Attorney (see all)
- What is a Pet Trust and Why Would I Need One? - March 24, 2019
- What Are the Most Important Things I Need to Know About Estate Planning? - March 23, 2019
- What is an Asset Protection Trust? - March 22, 2019