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Answers to your estate planning questions so you can take care of your family and yourself. Answers to your estate planning questions so you can take care of your family and yourself. Answers to your estate planning questions so you can take care of your family and yourself.
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Archives

Tag Archives for: "grantor trust"
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 How Are Non-Grantor Irrevocable Trusts Taxed?
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By Harry Margolis
In Irrevocable Trusts
Posted June 5, 2024

How Are Non-Grantor Irrevocable Trusts Taxed?

Question: How is different income taxed in non-grantor trusts? For example, are capital gains taxed as income or at capital gains rates? Interest? Dividends? What is taxed and then considered [...]

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 Can Trust Be a “Grantor” Trust After Grantor’s Death?
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By Harry Margolis
In Irrevocable Trusts, Real Estate
Posted March 20, 2024

Can Trust Be a “Grantor” Trust After Grantor’s Death?

Question: Can Trust Be a “Grantor” Trust After Grantor’s Death? I am the sole successor trustee and sole beneficiary of my mother’s Massachusetts grantor trust. She passed [...]

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 Must Irrevocable Grantor Trust File Tax Return for House Sale?
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By Harry Margolis
In Irrevocable Trusts
Posted February 18, 2022

Must Irrevocable Grantor Trust File Tax Return for House Sale?

Question: I sold my house in December 2020. It was the only thing in my irrevocable grantor trust. Do I have to file a 1041 for 2020? Response: Technically, yes. Practically, perhaps not. Either [...]

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 Will There Be Taxes Upon Liquidation of Irrevocable Trust After Grantor’s Death?
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By Harry Margolis
In Irrevocable Trusts
Posted July 4, 2021

Will There Be Taxes Upon Liquidation of Irrevocable Trust After Grantor’s Death?

Question: My father-in-law set up an irrevocable trust which contains about $250,000 held in a non-IRA investment account. When he died in 2020, the funds were transferred to a bank account [...]

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Wondering if a trust makes sense for you?

This comprehensive guide provides all you need to know (in plain English).

Harry Margolis book: The Baby Boomers Guide to Estate Planning

Get the Book
(An Amazon Prime Reading selection)

Read Sample Chapters

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