Income Tax Planning with Non-Grantor Trusts After OBBBA
Income tax planning opportunities using non-grantor trusts have been around a long time, whether focused on state or federal income tax.[1] The One Big Beautiful Bill Act[2] (“OBBBA”) has renewed attention on non-grantor trusts as income tax planning vehicles. This is due to a number of provisions in OBBA that can benefit from including one…
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