Grantor trusts are a particularly powerful tool in estate planning. They allow the taxpayer to remove assets from their taxable estate, while those assets can grow tax-free because the grantor is paying the income tax for the trust. Read on to learn more about the magic of grantor trusts.
Elizabeth Neyens currently practices in Woodbury, Minnesota, primarily in the areas of estate planning and, probate, which are two areas that involve family transitions, challenging circumstances, thoughtful decisions, and careful planning.Elizabeth aims to be not only a legal advocate, but also a calming influence.
Latest posts by Elizabeth Neyens (see all)
- Make Estate Planning Your New Year’s Resolution - November 9, 2023
- The Horrors of Dying Intestate - November 1, 2023
- What Is a Totten Trust? - October 30, 2023
