Basically, any trust not considered a grantor trust is by default a non-grantor trust and treated as its own taxpayer. For example, the result of a […]
A trust is essentially a device under which a settlor (person creating the trust) provides assets to trustees to hold and manage for the benefit of […]
Traditionally, under United States taxing principles a transferor (party making a gift) making a gift or bequest is the one subject to transfer tax (gift or […]
