Skip navigation
Smith-GettyImages-1057613520.jpg

Grantor Trust Reimbursement Statutes

A magic wand to allay the woes of grumpy trustors

Creating a trust that qualifies for grantor trust status means the creator of the trust (the trustor) will be responsible for payment of the income tax liability associated with the trust during the trustor’s lifetime. When the trustor (rather than the trust) pays the trust’s income taxes, the beneficiaries and the trustor benefit. The beneficiaries are relieved of the tax burden, and the growth of trust property is enhanced. The payment of the trust’s income taxes reduces the trustor’s

ARTICLE ACCESS REQUIRED

Please Log in if you are currently a Trust&Estates subscriber, or select DAYPASS for our new 24 hour access (nominal fee required).


If you are interested in unlimited article access for one year, please select Annual Subscription below.

Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish