Controlling the tax status of a trust can be a trying issue for planners. In the elder law context whether a trust is a grantor or nongrantor trust can make a big difference for the trust settlor seeking public benefits. Further, regardless of grantor/nongrantor status, insuring stepped-up basis upon the settlor’s death can also be an important objective. In this webinar TrustChimp’s Bob Mason will discuss how an understanding (and clever use) of adverse and nonadverse parties in various trust roles can accomplish client goals . . . and lead you to trust Nirvana and instant fame.
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