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.
Nongrantor Trusts Can Be Very Useful in Certain Situations
Attorney Daniel A. DeBruyckere has been practicing law in New Hampshire and Massachusetts since 1998, and has helped hundreds of clients with their estate planning and elder care issues. He is very well respected in the area of estate planning, probate, trust administration, elder law issues, and business planning.
Latest posts by Daniel DeBruyckere (see all)
- Concerned about Leaving a Large Inheritance? A Trust May Be the Solution - January 19, 2021
- If You Are a Parent Estate Planning Is Essential - January 14, 2021
- Is It Too Late for Medicaid Planning to Help Me? - January 12, 2021
