What is a Grantor vs Non-Grantor Trust?

What is a Grantor vs Non-Grantor Trust?

One of the many factors to consider when setting up a trust is whether to make it a grantor trust or a non-grantor trust. While a grantor trust is more common, a non-grantor trust can be useful in certain circumstances. A Grantor Trust A grantor trust is any trust in...
Can a Trust Help Me Reduce Taxes?

Can a Trust Help Me Reduce Taxes?

If you have a high-value estate, one of the main considerations of your estate planning might be what you can do to reduce your potential estate tax liability. Trusts can be used in certain ways to help you reduce taxes, but not all trusts will have tax-reducing...
What is an Irrevocable Trust?

What is an Irrevocable Trust?

An irrevocable trust is a specific category of trust with terms that cannot be changed or modified in any way without the express permission of the grantor’s beneficiaries. By placing assets into the trust, the grantor officially transfers ownership of those assets to...