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)
- Planning for the People You Love: Why Estate Planning Is an Act of Care - August 17, 2026
- When Family Dynamics Change, Your Plan Should Too - August 10, 2026
- Trusts in Estate Planning: What They Are, How They Work, and Why They Matter - August 3, 2026
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