Trust & Estate Taxation Explained: The Complete Beginner’s Guide to Simple vs. Complex Trusts, Distributable Net Income (DNI), Income in Respect of a Decedent (IRD), Estate Tax vs. Inheritance Tax, Generation-Skipping Transfer Tax (GST), Crummey Trusts, Grantor Trust Rules, Charitable Remainder Trusts (CRT), and Qualified Terminable Interest Property (QTIP)
Introduction Trust & Estate Taxation is one of the most fascinating yet misunderstood areas of the U.S. tax system. Many