Trust Planning 101: Grantor Trusts


September 05, 2023


Steven G. Siegel

  1:00 PM ET | 12:00 PM CT | 10:00 AM PT | 120 Minutes

* Not able to attend the live session? We can arrange an on-demand session for You. Please call 1-‪814-892-0304


Grantor trusts allow for tax deductions on income generated by trust assets whereas non-grantor trusts do not allow for these deductions. It is crucial for people to carefully decide which type of trust is best for their situation to maximize tax savings and better protect their families.

In this webinar, the President of the The Siegel Group Steven Siegel explains why people should have a grantor trust or non-grantor trust. He provides insights into some trust basics and advanced trust topics, helping attendees better understand their trusts (or the trusts they should have). Steven also discusses how these different types of trusts can protect assets and provide tax advantages.

Why Should You Attend?

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 deductions 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).

Learning Objectives

  • To analyze what types of trusts qualify for grantor trust status, whether by retained power or by operation of the trust.
  • To discuss how to cause the grantor or a beneficiary, to be a deemed owner of trust assets without adverse transfer tax consequences.
  • To investigate how to terminate grantor trust status concerning a grantor, or beneficiary, along with possible transfer tax consequences of doing so.

Session Highlights:

  • Understanding and preparing the Final Form 1040
  • What should be filed and reported
  • Who Must File the Return
  • Income, Losses and Deductions to be Reported
  • Estimated Taxes, Liabilities and Refunds
  • Income in Respect of a Decedent (IRD) Considerations
  • The Final Income Tax Return for a Decedent
  • Items of Income and Deduction
  • Elections that Affect the Fiduciary Income Tax Return
  • Disclaimers
  • Code Section 6166 Installment Payments
  • Marital Deduction Planning
  • Electing the Alternate Valuation Date
  • Electing Special Use Valuation for Real Property Used in Farming or Closely Held Businesses
  • Section 754 Election to Adjust the Basis of Partnership Assets
  • Special Elections to Protect a Corporation's S Corporation Election

Who Will Benefit?

  • Tax professionals who serve individual clients
  • CPA financial planners and other professional financial planners
  • Practitioners who provide tax, retirement, estate, investment, or risk management planning services

Credits and Other information:

  • CPE Credits - 2.0 Tax Hour
  • Subject Area- 2.0 - Taxes
  • Course Level- Basic
  • Instructional Method- Group Internet Based
  • Prerequisites- None
  • Advanced Preparation- None
  • NASBA Sponsor: 138804
  • IRS Course ID: DFFSC
  • Attendance Requirement:  Yes

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