What does grantor trust mean?
Definitions for grantor trust
grantor trust
This dictionary definitions page includes all the possible meanings, example usage and translations of the word grantor trust.
Princeton's WordNet
Clifford trust, grantor trustnoun
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
ChatGPT
grantor trust
A grantor trust is a type of trust in which the person who created the trust, known as the grantor, retains significant rights or powers, such as the power to control the trust’s income or principal, or the power to revoke the trust. As a result, the grantor is treated as the owner of the trust for income tax purposes, and is responsible for paying taxes on the trust's income. This type of trust is often created for estate planning purposes.
Matched Categories
Numerology
Chaldean Numerology
The numerical value of grantor trust in Chaldean Numerology is: 7
Pythagorean Numerology
The numerical value of grantor trust in Pythagorean Numerology is: 2
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"grantor trust." Definitions.net. STANDS4 LLC, 2024. Web. 26 May 2024. <https://www.definitions.net/definition/grantor+trust>.
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