Disaster Preparation-Again

Last Saturday, Lee and I flew from Florida to Utah.  We were stunned to see the area that had flooded near the Mississippi.  As we flew over we could see that a large area was still riddled with standing water.  Trees and homes poked out of the

How Does a Grantor Trust Work?

Question:  How Does a Grantor Trust Work?— T. Rodriquez Answer: A Grantor Trust is a trust in which the person establishing the trust retains enough “ownership rights” or “incidents of ownership” that the person is treated by the IRS as the owner of the trust assets for