The key difference between a grantor trust and a non-grantor trust is how taxes are handled. In a grantor trust, the person who created the trust reports all trust income on their own tax return. In a ...

When estate planning, it is critical to know who is the grantor of a trust, as it can significantly impact financial planning and estate strategy. As the individual who establishes a trust, the ...

Fact checked by Suzanne Kvilhaug Reviewed by Erika Rasure Trust funds can serve a variety of important purposes in estate planning. A major one is ensuring that your assets are properly managed and ...