Trusts are useful vehicles both during life and after death. This article examines how trusts are income taxed. Grantor trusts are taxed to the grantor, regardless of whether the income is distributed to them. Nongrantor trusts are separate taxpaying entities but get a deduction for distributions to beneficiaries. Read the article to learn more.
Attorney Daniel A. DeBruyckere has been practicing law in New Hampshire and Massachusetts since 1998, and has helped hundreds of clients with their estate planning and elder care issues. He is very well respected in the area of estate planning, probate, trust administration, elder law issues, and business planning Read More!
Latest posts by Daniel DeBruyckere (see all)
- What You Should Know About Trustee Compensation in New Hampshire - September 29, 2026
- What You Need to Know about Gift and Estate Taxes in Massachusetts - September 17, 2026
- Commonly Asked Estate Planning Consultation Questions - September 15, 2026
