“Nongrantor” trusts are trusts which aren’t taxed to a substantial owner pursuant to the grantor trust rules. Such a trust must file its own tax return and the income of the trust would be taxed to it, unless distributed. Read on to learn more.
About Victor A. Veprauskas, IV
Victor A. Veprauskas, IV offers his clients highly skilled legal representation throughout the state of Michigan, with his office in Troy (Oakland County), Michigan. Mr. Veprauskas’ practice focuses on estate planning, business succession and the administration of trusts and estates. After years as a litigation attorney, he learned the ability of listening and asking the right questions of clients to meet their specific needs and goals. Each client is special and has unique circumstances. Mr. Veprauskas regularly presents on the topics of estate planning, probate and taxes.