Download or read book Understanding Grantor Trust Rules written by George L. Cushing and published by . This book was released on 1998 with total page 73 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Grantor Trusts sections 671 679 written by Robert T. Danforth and published by . This book was released on with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: ... examines the taxation of grantors and third parties deemed to own the assets of a trust under [section] 671–[section] 679. The planning and drafting of trusts requires a clear understanding of the grantor trust rules in order to ensure that the grantor, trust, and beneficiaries are taxed in the desired fashion.

Download or read book Grantor Trust Answer Book 2017 written by Steven G. Siegel and published by . This book was released on 2016-11-02 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: A grantor trust is a trust in which the settlor retains control over the trust property or its income to such an extent that the settlor is taxed on the trust's income. The use of grantor trust arrangements has become an important estate planning tool. Owners of grantor trusts may be shareholders of S corporations. A number of desirable and sophisticated estate planning arrangements involve grantor trust status as the starting point. These include grantor retained annuity trusts (GRATs), grantor retained unitrusts (GRUTs), personal residence trusts (PRTs), qualified personal residence trusts (QPRTs) and intentionally defective grantor trusts (IDGTs).The Grantor Trust Answer Book addresses the following:. The grantor trust rules can be found in Code Sections 671 through 679. Each of these Sections describes a particular set of rules and circumstances that will cause a trust to be treated as a grantor trust. Each of these Code Sections is discussed in a separate Chapter addressing its rules and requirements.. Some of the interests retained by a grantor that make a trust a grantor trust also cause inclusion of the trust property in the grantor's estate. Other interests do not. These distinctions are discussed throughout the publication.. Separate chapters address the estate planning uses of all types of grantor trusts (GRATs and GRUTs, PRTs and QPRTs, IDGTs).. Grantor trust issues are involved in the design of certain charitable trusts, notably charitable lead trusts and these are discussed in detail. . Coverage of foreign grantor trusts which is increasingly a topic of planning interest and government concern is included as well. . The fact that grantor trusts are subject to special income tax filing and reporting rules is discussed.. The role grantor trusts may have in planning for life insurance ownership, like kind exchanges and involuntary conversions are also among the issues addressed.

Download or read book Income Taxation of Trusts and Estates written by Alan S. Acker and published by . This book was released on with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: "... provides detailed coverage of the rules governing the income taxation of estates, trusts, and their beneficiaries"--Page iii.

Download or read book The Grantor Trust Rules Should Be Repealed written by Mark L. Ascher and published by . This book was released on 2011 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The grantor trust rules once served a crucial role. They limited taxpayers' ability to gain income tax advantages from creating certain types of inter vivos trusts, by denying them separate taxpayer status and providing that their income was taxable directly to the grantor. But times change. In 1986, Congress dramatically compressed the tax brackets in section 1(e), thereby imposing a flat tax, at the highest marginal rate, on essentially all trust income. It is now impossible for a settlor to derive any substantial income tax advantage from subjecting trust income to taxation at the trust's own rates, because neither the settlor nor any of the trust beneficiaries is ever going to be in a higher tax bracket than the trust, as to any meaningful amount of income. Yet that is precisely the fact pattern that gave rise to the grantor trust rules. The grantor trust rules are, therefore, obsolete. Indeed, taxpayers and their advisors now gleefully stand the grantor trust rules on their head, creating so-called "intentionally defective grantor trusts," and laugh about it all the way to the bank. All that remains of the grantor trust rules are their complexity and the opportunities they provide to game the system. They are both obsolete and counter-productive, and they ought to be repealed.

Download or read book Grantor Trust Answer Book 2016 written by Steven G. Siegel and published by . This book was released on 2015-12-21 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: A grantor trust is a trust in which the settlor retains control over the trust property or its income to such an extent that the settlor is taxed on the trust's income. The use of grantor trust arrangements has become an important estate planning tool. Owners of grantor trusts may be shareholders of S corporations. A number of desirable and sophisticated estate planning arrangements involve grantor trust status as the starting point. These include grantor retained annuity trusts (GRATs), grantor retained unitrusts (GRUTs), personal residence trusts (PRTs), qualified personal residence trusts (QPRTs) and intentionally defective grantor trusts (IDGTs). The Grantor Trust Answer Book addresses the following: . The grantor trust rules can be found in Code Sections 671 through 679. Each of these Sections describes a particular set of rules and circumstances that will cause a trust to be treated as a grantor trust. Each of these Code Sections is discussed in a separate Chapter addressing its rules and requirements. . Some of the interests retained by a grantor that make a trust a grantor trust also cause inclusion of the trust property in the grantors estate. Other interests do not. These distinctions are discussed throughout the publication. . Separate chapters address the estate planning uses of all types of grantor trusts (GRATs and GRUTs, PRTs and QPRTs, IDGTs). . Grantor trust issues are involved in the design of certain charitable trusts, notably charitable lead trusts and these are discussed in detail. . Coverage of foreign grantor trusts which is increasingly a topic of planning interest and government concern is included as well. . The fact that grantor trusts are subject to special income tax filing and reporting rules is discussed. . The role grantor trusts may have in planning for life insurance ownership, like kind

Download or read book Estate and Trust Administration For Dummies written by Margaret Atkins Munro and published by John Wiley & Sons. This book was released on 2008-11-24 with total page 555 pages. Available in PDF, EPUB and Kindle. Book excerpt: Executing an estate or a trust fund is a big responsibility. Estate & Trust Administration For Dummies contains advice for handling estates and trusts of any size. It offers solid pointers on reading and interpreting a will and other documents, and helping heirs avoid paying too much (or too little). It also shows you how to take care of a loved one's estate in the event that a will or trust was never created. This authoritative, plain-English guide helps you understand and follow the rules that govern estates and trusts, ensure a smooth transfer of property, and manage fiduciary affairs in an orderly manner. You’ll get help choosing and assembling a team of professional advisors, settling debts and paying bequests, operating a revocable or irrevocable trust, and making sound trust investment decisions. Discover how to: Understand executors’ and trustees’ duties Read and interpret important documents Properly execute an estate or trust Handle estates both large and small Get familiar with the probate process and estate taxes Identify different types of trusts Follow the deceased’s wishes — and the law Notify insurers and employers of a death Follow the steps for closing an estate Establish, fund, and change ownership of a trust Keep proper trust records Yes, you can do the job and do it well. All you need is a little help from Estate and Trust Administration For Dummies.

Download or read book Grantor Trust Answer written by Steven G. Siegel and published by Cch. This book was released on 2017-11-10 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: A grantor trust is a trust in which the settlor retains control over the trust property or its income to such an extent that the settlor is taxed on the trust's income. The use of grantor trust arrangements has become an important estate planning tool. Owners of grantor trusts may be shareholders of S corporations. A number of desirable and sophisticated estate planning arrangements involve grantor trust status as the starting point. These include grantor retained annuity trusts (GRATs), grantor retained unitrusts (GRUTs), personal residence trusts (PRTs), qualified personal residence trusts (QPRTs) and intentionally defective grantor trusts (IDGTs). The Grantor Trust Answer Book addresses The grantor trust rules can be found in Code Sections 671 through 679. Each of these Sections describes a particular set of rules and circumstances that will cause a trust to be treated as a grantor trust. Each of these Code Sections is discussed in a separate Chapter addressing its rules and requirements. Some of the interests retained by a grantor that make a trust a grantor trust also cause inclusion of the trust property in the grantors estate. Other interests do not. These distinctions are discussed throughout the publication.

Download or read book Trusts for Senior Citizens written by Evan H. Farr and published by ALI-ABA. This book was released on 2009 with total page 138 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Federal Taxation of Trusts Grantors and Beneficiaries written by John L. Peschel and published by Warren Gorham & Lamont. This book was released on 1989 with total page 618 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Reforming the Grantor Trust Rules written by Jay A. Soled and published by . This book was released on 2014 with total page 49 pages. Available in PDF, EPUB and Kindle. Book excerpt: Few things in the Internal Revenue Code (Code) are as enduring as the grantor trust rules. Housed in Subpart E of Subchapter J of the Code, they are essentially the same rules that were instituted by the so-called Clifford trust regulations promulgated over a half-century age. In instances where the grantor trust rules apply, the Code ignores the separate existence of a trust. Items of income, deductions, and credits against tax are instead attributed to the grantor. Grantors are thus unable to deflect income away from themselves to others (such as a trust or a trust beneficiary) whose income is taxed at a lower marginal rate. The purpose of the grantor trust rules then, and their purpose now, is to safeguard the progressive rate structure of the income tax.

Download or read book Grantor Trust Answer Book 2015 written by Steven G. Siegel and published by . This book was released on 2014-12-19 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: A grantor trust is a trust in which the settlor retains control over the trust property or its income to such an extent that the settlor is taxed on the trust's income. The use of grantor trust arrangements has become an important estate planning tool. Owners of grantor trusts may be shareholders of S corporations. A number of desirable and sophisticated estate planning arrangements involve grantor trust status as the starting point. These include grantor retained annuity trusts (GRATs), grantor retained unitrusts (GRUTs), personal residence trusts (PRTs), qualified personal residence trusts (QPRTs) and intentionally defective grantor trusts (IDGTs). The Grantor Trust Answer Book addresses the following: . The grantor trust rules can be found in Code Sections 671 through 679. Each of these Sections describes a particular set of rules and circumstances that will cause a trust to be treated as a grantor trust. Each of these Code Sections is discussed in a separate Chapter addressing its rules and requirements. . Some of the interests retained by a grantor that make a trust a grantor trust also cause inclusion of the trust property in the grantors estate. Other interests do not. These distinctions are discussed throughout the publication. . Separate chapters address the estate planning uses of all types of grantor trusts (GRATs and GRUTs, PRTs and QPRTs, IDGTs). . Grantor trust issues are involved in the design of certain charitable trusts, notably charitable lead trusts and these are discussed in detail. . Coverage of foreign grantor trusts which is increasingly a topic of planning interest and government concern is included as well. . The fact that grantor trusts are subject to special income tax filing and reporting rules is discussed. . The role grantor trusts may have in planning for life insurance ownership, like k

Download or read book Grantor Trusts written by Robert T. Danforth and published by . This book was released on 2010-01 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: ... examines the taxation of grantors and third parties deemed to own the assets of a trust under [sections] 671-679. The planning and drafting of trusts requires a clear understanding of the grantor trust rules in order to ensure that the grantor, trust, and beneficiaries are taxed in the desired fashion.

Download or read book International Taxation of Trust Income written by Mark Brabazon and published by Cambridge University Press. This book was released on 2019-05-02 with total page 417 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book identifies a set of principles and corresponding tax settings that countries may apply to cross-border income derived by, through, or from a trust and will appeal to international tax practitioners, administrators, policymakers, academics, and students.

Download or read book Estate Planning For Dummies written by N. Brian Caverly and published by John Wiley & Sons. This book was released on 2011-03-08 with total page 397 pages. Available in PDF, EPUB and Kindle. Book excerpt: Planning for your family's future made easy! If you’re like most people, you want to be sure that, once you’ve passed on, no more of your property and money will be lost to the government than is absolutely necessary. You want to know that you’ll be leaving your heirs your assets and not your debts. You want to be absolutely certain that your will is ship-shape, your insurance policies are structured properly, and that every conceivable hole in your estate plan has been filled. And most of all, you’d like to do all of this without driving yourself crazy trying to make sense of the complicated jargon, jumble of paperwork, and welter of state and federal laws involved in the estate planning process. Written by two estate planning pros, this simple, easy-to-use guide takes the pain out of planning for your ultimate financial future. In plain English, the authors walk you step-by-step through everything you need to know to: Put your estate into order Minimize estate taxes Write a proper will Deal with probate Set up trusts Make sure your insurance policies are structured properly Plan for special situations, like becoming incompetent and pet care Craft a solid estate plan and keep it up-to-date Don’t leave the final disposition of your estate up to chance and the whims of bureaucrats. Estate Planning For Dummies gives you the complete lowdown on: Figuring out what you're really worth Mastering the basics of wills and probate Using will substitutes and dodging probate taxes Setting up protective trusts, charitable trusts, living trusts and more Making sense of state and federal inheritance taxes Avoiding the generation skipping transfer tax Minimizing all your estate-related taxes Estate planning for family businesses Creating a comprehensive estate plan Straightforward, reader-friendly, easy-to-use, Estate Planning For Dummies is the ultimate guide to planning your family’s future.

Download or read book Estate and Trust Administration For Dummies written by Margaret Atkins Munro and published by John Wiley & Sons. This book was released on 2013-05-07 with total page 439 pages. Available in PDF, EPUB and Kindle. Book excerpt: Your plain-English guide to administering an estate and/or trust As more and more of the population reach senior ages—including baby boomers, many of whom do not have wills—an increasing number of people are being thrust into the role of executor, administrator, personal representative of an estate, or trustee of a trust after the death of a loved one. This updated edition of Estate & Trust Administration For Dummiesguides you through the confusing process of administering an estate and/or trust. Settling an estate and administering a trust can be complicated, messy, and time-consuming for individuals named as executor or trustee, most of whom have no previous experience with such matters. Estate & Trust Administration For Dummies shows you how to make sound decisions for your unique circumstances. Guides you through the confusing process of administering an estate and/or trust Provides expert advice on unfamiliar estate and trust tax law Gives you a practical checklist to follow for all of your estate and trust administration questions and concerns Whether you're looking for guidance on how to navigate the probate process and estate taxes, settle debts and bequests, fund a trust, comply with tax regulations, or anything in between, this hands-on, friendly guide takes away the mystery and provides detailed answers to all of your estate and trust administration questions.

Download or read book U S Tax Guide for Aliens written by and published by . This book was released on 1998 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt: