Trusts Attorney in New York, New York

Non-Grantor Trust

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A non-grantor trust is a trust that pays its own taxes. And if you can move the situs of the trust out of New York to another state that doesn’t impose an income tax, then there will be no state income taxes.

New York tax and estate planning attorney Carlyn McCaffrey of McDermott Will & Emery defines a non-grantor trust.

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