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The Name and Mailing Address of Each Grantor is Form

The Name and Mailing Address of Each Grantor is Form

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hello john mccarty with scott tokerud mccarty  today i will be addressing the topic what is   a grantor trust let me start by saying that  a trust can be replicable or irrevocable its   primary purpose may be to plan for incapacity or  disability minimize estate taxes give to charity   or even avoid probate to name a few the trust  can be set up for the benefit of the creator   of the trust or for other individuals the  creator of a trust is known as the grantor   the person for whom the trust assets are intended  to benefit is known as the beneficiary in the   grantor can be the beneficiary the term grant or  trust can be confusing that is because the term   grant or trust is not used to identify the purpose  for which the trust was set up or who receives   the income or assets but rather it is to denote  how the trust's income is taxed the general rule   is that all trusts are separate taxpayers just  like their human counterparts trusts are taxedÂ

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