Results for tag: "Grantor Trust"

A Grantor Trust is a type of trust used in tax planning. It is a trust in which the grantor, or creator of the trust, retains certain powers over the trust assets. This allows the grantor to retain control over the trust assets while still taking advantage of the tax benefits associated with trusts. The grantor is typically the settlor, or the person who creates the trust, and the trustee is the person who manages the trust assets. The Grantor Trust market is an important part of the tax planning industry. It is used by individuals, businesses, and other entities to reduce their tax liability and to protect their assets. Grantor Trusts can be used to transfer assets to beneficiaries, to provide for the care of dependents, and to provide for charitable giving. Some of the companies in the Grantor Trust market include Fidelity Investments, Charles Schwab, and Vanguard. These companies provide services such as trust administration, asset management, and tax planning. They also offer a variety of trust products, such as revocable trusts, irrevocable trusts, and charitable trusts. Show Less Read more