Grantor trusts are trusts which are income taxed to the “substantial owner” of the trust. Usually, the substantial owner is otherwise known as the “grantor” or “trustor.” Nongrantor trusts are trusts which are not grantor trusts. But, what is the tax reporting for grantor and nongrantor trusts? Read on to learn more.
Brandon McGee enjoys a successful law practice focusing on estate planning, elder law, Medicaid preplanning and crisis planning, and probate. Brandon and his team combine legal skills with compassion and understanding to develop estate plans that are personalized to the needs of each of their clients.Read more!
Latest posts by Brandon McGee (see all)
- Pet Planning Opens the Door to Responsible Pet Ownership for Seniors - September 2, 2026
- Can a Minor Inherit Directly, and What Happens If They Do? - August 19, 2026
- When Estate Planning Documents Say One Thing—and Mean Another - August 12, 2026