Grantor trusts impute the income to the Grantor as the creator of the trust but exclude the trust assets from the Grantor's estate for estate tax purposes. These trusts have become popular lifetime estate planning vehicles. Two of the more popular are Spousal Lifetime Access Trusts (SLATS) and Intentionally Defective Irrevocable Trusts (IDITS). #estateplanning #grantortrusts #trusts #financialplanning #wealth
