Sentences with phrase «establish grantor»
If they're minors (under age 18), you should probably establish grantor trusts for each of them and name the trusts as the beneficiaries.
https://www.lifehappens.org/ Not exact matches
A life insurance trust is a trust that has the power to purchase life insurance policies on the person who establishes the trust (the grantor), the grantor's spouse, or the trust...
A life insurance trust is a trust that has the power to purchase life insurance policies on the person who establishes the trust (the grantor), the grantor's spouse, or the trust beneficiaries.
Suppose George establishes an irrevocable «grantor trust» for the benefit of his daughter, Sally.
1) A grantor, the person who establishes and funds a trust.
Amy helps clients establish a variety of trusts to meet their planning goals including grantor retained annuity trusts and intentionally defective grantor trusts.
The policy can be sold to the insured or a grantor trust established by the insured.
However, once it is established, the grantor or the original estate owner can no longer modify or change the nature of this trust.