Depending on one’s personal situation, the choice between a grantor and non-grantor trust may be difficult and confusing to understand. After reading this article, someone making this decision will ...

Trusts are described in multiple ways, including: living or testamentary, revocable or irrevocable and grantor or non-grantor. These terms are not always mutually exclusive. A trust can be living, ...

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 ...

Grantor trusts allow for tax deductions on income generated by trust assets whereas non-grantor trusts do not allow for these deductions. It is crucial for people to carefully decide which type of ...

A trust is used to control how assets transfer after death. When the grantor dies, the trust becomes an active legal entity.

Trusts can be a useful estate planning tool for creating wealth for future generations. They can offer legal protections against creditors while managing assets according to your wishes. They may may ...

In an ILIT, the grantor or creator of the trust cannot change the terms or beneficiaries of the trust, just like any irrevocable trust. However, grantors may place one or more life insurance policies ...

Forbes contributors publish independent expert analyses and insights. I am a managing director and senior wealth strategist for CIBC Private Wealth Management. Do you have a taxable estate and ...

To continue reading this content, please enable JavaScript in your browser settings and refresh this page. Trusts are valuable tools for estate planning. They allow ...

It’s tax time and some trusts have to file tax returns. When you create a trust during your life, it is called a “living trust” or a “lifetime trust.” There are two types of living trusts — revocable ...

When your client has a significant amount of assets or an estate of significant value, passing these on to their heirs without paying hefty taxes can pose a problem. A possible solution to this is to ...