“You can’t predict. You can prepare.” So said Howard Marks, billionaire co-founder of Oaktree Capital Management in one of his famous Oaktree Memos. Most of us have purchased life insurance. We have a 401K or IRA. We have medical and dental insurance. Many of us keep a tool kit, a first aid kit and jumper […]
Grantor Trusts Provide Flexibility and Ease
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 grantor trust and situations in which it might be useful.
