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What is a grantor trust?2 mins
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Income tax filing - Irrevocable grantor trust17 mins
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Common irrevocable grantor trusts32 mins
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Sales to grantor trusts50 mins
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Estate tax inclusion64 mins
Published: December, 2021
Grantor trusts and non-grantor trusts are the two main types of funded trusts that hold assets. The type of trust you’re administering determines whether you must file Form 1041 for the trust, or declare all items of income and deduction on the grantor’s Form 1040.
All trusts have a grantor, the person who creates the trust. All trusts also involve trustees, beneficiaries, and remaindermen. The relationship of the grantor to the other individuals involved in the trust determines whether a trust is a grantor trust or a non-grantor trust.
Non-grantor trusts are treated as separate entities (like a C-Corporation). But grantors of grantor trusts maintain significant rights to the trust’s assets and income. Because of that, they’re treated as if they are direct owners of the trust assets (like a sole proprietorship).
Various tax proposals, such as a change to the tax treatment of grantor trusts and a proposed surcharge to undistributed income of a non-grantor trust, may increase the importance of determining a trust’s income tax status in 2022 and beyond.
Speaker Griffin Bridgers in this CPE/CE webinar will answer the following major questions:
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MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478
MY-CPE LLC (Sponsor Id#: 143597) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.NASBARegistry.org.
MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478
MY-CPE LLC (Sponsor ID# : 6273) has been approved by the California Tax Education Council to offer continuing education courses that count as credit towards the annual “continuing education” requirement imposed by the State of California for CTEC Registered Tax Preparers. A listing of additional requirements to register as a tax preparer may be obtained by contacting CTEC at P.O. Box 2890, Sacramento, CA, 95812-2890, toll-free by phone at (877) 850-2832, or on the Internet at www.ctec.org.
Senior Attorney, Hutchins & Associates
Griffin Bridgers, JD., LL.M., is a partner with the law
firm of Hutchins & Associates LLC in Denver, Colorado. Griffin specializes in estate and income tax
planning for high net worth individuals.
Griffin is also a frequent speaker and educator, both online and in
person, and he provides tax and estate planning updates through digital media
through his YouTube channel and on an individual basis for clients and wealth
professionals. Griffin also uses his
advanced tax and estate planning knowledge on an individual, non-attorney basis
to serve as a market expert on the delivery of planning services, and he
advises wealth advisors and CPAs on the use of planning strategists and bespoke
digital media to grow their client base.
Hutchins & Associates LLC specializes in estate planning and related
legal services. Founded in 1974, it has dedicated itself to forging lasting
relationships with generations of clients. The firm has represented a wide
variety of clients including farmers and ranchers, renowned authors, Fortune
500 executives, business owners, celebrities, professional athletes (including
a player named as one of the top ten football players of all time, two players
in the Pro Football Hall of Fame and two players selected to the college
football All-Time All-American Team), coaches and members of the judiciary.
The firm focuses on wealth transfer planning, complex estate, gift, and
generation-skipping tax planning, estate and trust administration, probate
litigation, income tax planning, administration of conservatorships and
guardianships, formation of business entities, and the organization and
administration of nonprofit organizations and private foundations.
41 Ratings
EH
Dec 25th, 2021
Clear and concise explanation of the Grantor Trust rules. Excellent presentation. I am Board Certified in Wills, Trusts and Estates Law and I found the course to be a wonderful refresher of the rules.
JB
Dec 12th, 2021
Very good Webinar. It's a complicated subject which was given a decent amount of clarity by the presenter.
PM
Dec 10th, 2021
Excellent course if you do Trust tax returns.
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