An earlier blog examined “grantor trusts” and how they are an income tax issue, not an estate tax issue. Here’s a link to that prior blog, IRS Confirms Grantor Trust Status Alone Does Not Cause a Step-Up in Basis.
As the prior blog indicated, grantor trusts may be drafted so they are not included in the taxable estate of the grantor for estate tax purposes, yet they are still taxed to the grantor for income tax purposes. These “intentionally defective grantor trusts” can be very powerful estate planning tools. Read More….
Glenn founded the firm that bears his name in May of 2000. Although his passion is in the areas of estate planning and elder law, in his early years as a “small town attorney” he handled a wide range of cases, including divorces, bankruptcy, real estate transactions, probate, estate planning, contract drafting and review, and general litigation Read more!
Latest posts by Glenn Stockton (see all)
- Helping Aging Parents Without Losing Your Sanity—or Their Independence - October 5, 2026
- When Adult Children Become Caregivers: Why Clarity Matters More Than Effort - September 28, 2026
- Medicaid Planning: Avoiding Going Broke in the Nursing Home - September 21, 2026
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