GRANTOR TRUST
(noun)Did you mean?
Definitions
There is 1 meaning of the phrase
Grantor Trust.
Grantor Trust - as a noun
A trust established to shift the income to someone who is taxed at a lower rate than the grantor for a period of 10 years or more
Synonyms (Exact Relations)
clifford trustExample Sentences
"The grantor trust allows the grantor to retain control of the assets while still transferring them to the beneficiaries."
"A grantor trust can be created during the grantor's lifetime or through a testamentary trust in their will."
"In a grantor trust, the grantor is typically responsible for paying any income tax on the trust's earnings."
"One benefit of a grantor trust is that the grantor can change the terms or revoke the trust at any time."
"The grantor trust provides flexibility and control over the trust assets to the grantor."
