Grantor Trusts

Leverage Your Clients Tax Benefits by Using Grantor Trust Power of Substitution

For many years, irrevocable trusts have been structured for as grantor trusts, for income tax purposes, while still maintaining tax free status for estate tax purposes. A number of favorable IRS Revenue Rulings have solidified the irrevocable grantor trust power of substitution concept under IRC Section 675(4)(C). This concept allows a grantor to substitute assets […]