Why Grantors Trusts May Save You On Taxes
The topic of Living Trusts can be confusing and complex in nature, especially when it comes to taxation. In this article, I will clarify how a basic grantor revocable living trust is taxed.
What is a trust?
Understanding a grantor trust is the first point when considering how a trust is taxed. By definition, a trust is an estate planning tool that creates a relationship where three different roles are created:
