Understanding Crummey Trusts After setting up a Crummey Trust, the grantor deposits assets into it. At that point, beneficiaries are informed of the contribution by a Crummey letter (or notice).

Investopedia / Mira Norian A grantor retained annuity trust (GRAT) is an estate planning tool used to minimize taxes on large financial gifts made to family members. It can avoid using much (if ...

This sample list of grantor trust rules is very incomplete, and over time, billions of people with billions of needs have created millions of trusts with endless permutations of trust powers.

Although sometimes pitched under different names, the trust is usually referred to as a “non-grantor irrevocable ... by misinterpreting some old Private Letter Rulings and sometimes producing ...

An IDGT is a trust in which the grantor retains certain "grantor trust powers," resulting in the treatment of the grantor as the owner of the IDGT for federal income tax purposes. Thus ...

3. Finally, the senators requested that the IRS confirm that when a grantor pays income taxes that are attributable to trust income, those payments are subject to the gift tax. The letter ...