A Grantor is the creator of a Trust, usually the owner of the property placed in the Trust; the Trustee manages the property, the beneficiary receives the income, principal or both. During the ...
Trust Basics A trust is simply a legal vehicle which can be filled with myriad assets, including cash and physical holdings. The person who creates the trust is known as the grantor. A trust is ...
To understand the use of a tax reimbursement clause you need to first understand what a grantor trust is and how it works. When a trust is characterized under the income tax laws as a “grantor ...