grantor trust


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Related to grantor trust: Simple trust
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Noun1.grantor trust - a trust established to shift the income to someone who is taxed at a lower rate than the grantor for a period of 10 years or more
trust - something (as property) held by one party (the trustee) for the benefit of another (the beneficiary); "he is the beneficiary of a generous trust set up by his father"
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The IRS's position is that recitation of such a power in the trust is not enough to cause grantor trust status; the facts and circumstances must show that the power is in fact exercisable in a non-fiduciary capacity [Treas.
A CLAT set up during the grantor's life can be established as either a grantor trust (grantor CLAT) or a nongrantor trust (nongrantor CLAT).
If the trust is classified as a domestic grantor trust, it generally is not required to file form 1041, provided the individual taxpayer reports all items of income on his or her own tax return.
We can accomplish this by using an intentionally defective grantor trust (IDGT) as the recipient of the transfer.
TDP's Grantor Trust a securitization of international settlement rates receivables and Fitch's Peruvian affiliate Apoyo & Asociados has a national rating of 'AAA(pe)' for TDP.
Some high-earning individuals use incomplete nongrantor (ING) trusts to shift income out of the reach of state tax authorities; these trusts are funded with incomplete gift transfers and structured to avoid grantor trust status.
During the initial trust term, a QPRT is a grantor trust under Sec.
The grantor trust rules under subchapter J rely, for the most part, upon powers retained by the grantor when approval is required of the grantor or a nonadverse party.
In the case of a grantor trust, if the grantor is a New Hampshire resident, then the interest and dividends earned by the grantor trust will be taxable on the grantor's personal I&D tax return.
Upon the death of the owner, the owner's survivors stand to lose the family business to the estate tax without the benefit of grantor trust planning.
A grantor trust is a trust where the grantor has retained certain control over the trust.
By making the gift into a grantor trust, you get to pay all income taxes on the trust's investment income, even though the trust itself remains outside your estate for gift and estate tax purposes.