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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National Collegiate Student Loan Trust 2004-2/NCF Grantor Trust 2004-2:
Would it be feasible to have a spouse as a named beneficiary, or the grantor only receive distributions with the consent of an adverse party in order to avoid grantor trust status?
However, the typical offshore asset protection trust is a grantor trust and, as clarified by Treas.
As mentioned above, revocable trusts are considered to be a grantor trust far lax purposes.
further classify a trust as either a grantor trust or a non-grantor trust.
During the initial trust term, a QPRT is a grantor trust under Sec.
A SLAT is often drafted as a grantor trust where the grantor and the trust are considered one and the same for income tax purposes (IRC Sections 671-679 contain the grantor trust rules).
Unlike a "grantor trust," the income of which is reported by the trust's creator for federal income tax purposes, a non-grantor trust is taxed as a separate entity for federal income tax purposes.
Specifically, I am referring to the use of family limited partnerships, grantor retained annuity trusts (GRATs) and installment sales to a grantor trust. In any case, what follows is a brief summary of the salient points of each concept.
Peter could create a grantor trust to hold the life insurance policy, and yet retain the ability to transfer the policy into another trust (with the beneficiaries of his choosing) in the future so long as an independent trustee is appointed to ensure that any substituted assets are of equal value with the life insurance policy.
Eastern American Natural Gas Trust is a grantor trust that currently holds net profit interests in approximately 600 producing gas wells located in West Virginia and Pennsylvania.
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.