Substitution Power

In late May, Paul Hood was joined on a webinar by Jonathan Blattmachr and Professor Mitchell Gans to extensively analyze the power to swap or substitute assets with a grantor trust. That presentation included more information than could be…

Grantor trusts are ubiquitous in estate planning, but significant uncertainty still exists amongst practitioners about the “right” powers to make the trust a grantor trust for income tax purposes.

As practitioners, we often recommend that inter vivos trusts established by the client be “grantor trusts” for income tax purposes. That is, while the gift in trust will be a completed gift for estate, gift, and generation skipping tax…