Trust Planning 101: Grantor Trusts
June 20, 2023 /
Webinar /
12:00 PM - 12:45 PM ET
Grantor trusts allow for tax deductions on income generated by trust assets whereas non-grantor trusts do not allow for these deductions. It is crucial for people to carefully decide which type of trust is best for their situation to maximize tax savings and better protect their families.
In this webinar, the chair of the Wealth Preservation Group Whitney Patience O’Reilly explains why people should have a grantor trust or non-grantor trust. She provides insights into some trust basics and advanced trust topics, helping attendees better understand their trusts (or the trusts they should have). Whitney also discusses how these different types of trusts can protect assets and provide tax advantages. Whitney covers:
- What grantor trusts are
- The types of grantor trusts
- How grantor trusts are taxed
- The benefits and potential downsides of grantor vs. non-grantor trusts