While properly structured trusts are effective vehicles for achieving transfer-tax planning objectives, clients are increasingly interested in maximizing income tax benefits that those trusts may afford. A choice between grantor and non-grantor trust status is key to accomplishing certain income tax planning goals. However, both types of trusts have their own advantages and disadvantages, and converting one variety into another can raise many issues that can be traps for the unwary.
All access premium subscription
Please Log in if you are currently a Trusts & Estates subscriber.
If you are interested in becoming a subscriber with unlimited article access, please select Subscription Options below.
Questions about your account or how to access content?
Contact: [email protected]
