A trust may be taxed as either a grantor trust or a nongrantor trust. Each type of trust has advantages and disadvantages. This article examines a nongrantor trust and situations in which it might be useful.
Nongrantor Trusts Can Be Very Useful in Certain Situations
West Hunsaker was born in Melbourne, Florida and moved to Phoenix, Arizona during his teen years. West was blessed to be born into a good family who taught him the importance of protecting your loved ones and helping others. These teachings have influenced every aspect of his life and were a motivating factor for joining Morris Hall as an estate planning attorney....Read More!
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