Tag: grantor trust
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Will That Grantor Trust Pass The SMELL Test?
Do you already have a trust set up? How confident are you that it isn’t a grantor trust? A valid legal trust requires a minimum of three entities:1) A grantor/settlor (the entity granting property), 2) at least one trustee (the entity that will be managing and 3) at least one beneficiary (the entities whom the trust is benefiting). What Is A Grantor…