A trust may be taxed as either a grantor trust or a nongrantor trust. Each type of trust has advantages and disadvantages. This article examines a nongrantor trust and situations in which it might be useful.
Nongrantor Trusts Can Be Very Useful in Certain Situations
Attorney at Morris Hall PLLC
In 2005, West joined Morris Hall with the desire to assist families and individuals to protect themselves and their loved ones. Since that time, he has helped Morris Hall grow throughout Arizona and intowhile solidifying MH’s position as the premier estate planning law firm in the southwest.
West has worked with several charities during his professional career, such as United Way, Boy Scouts of America, KAET 8 (Public Broadcasting), Little League and Arizona Youth Sports. West also served in southern Utah, Colorado and eastern Nevada as part of a two year mission for his church.
West’s years of experience from the financial industry have driven him to focus his practice on estate planning, business planning, Estate Administration and Probate.West truly believes that if you have a family, you have a reason.
West has worked with several charities during his professional career, such as United Way, Boy Scouts of America, KAET 8 (Public Broadcasting), Little League and Arizona Youth Sports. West also served in southern Utah, Colorado and eastern Nevada as part of a two year mission for his church.
West’s years of experience from the financial industry have driven him to focus his practice on estate planning, business planning, Estate Administration and Probate.West truly believes that if you have a family, you have a reason.
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