Grantor Trust Rules

The Tax Cuts and Jobs Act (the Act) has radically changed income and estate taxation for many Americans, calling for new approaches to various aspects of planning for U.S. individuals. Although changes also were made to…

This presentation will cover how to make a trust a grantor trust when one should be used and, perhaps, most important, how it should be used.

The initial reaction and, in some quarters, the continuing reaction of many practitioners is that it is not possible to have lifetime transfers made to a trust be incomplete for federal gift tax purposes and have the trust not be a grantor…

The grantor trust rules were originally viewed as a restriction on the ability of taxpayers to take advantage of the graduation of income tax rates by creating multiple trusts that would function as separate taxpayers, while reserving…