Deciding and Converting Between Grantor and Non-Grantor Trust Status: Evaluation of Planning Opportunities and Potential Pitfalls

Private Wealth Services attorney Cindy Brittain will co-lead a Strafford webinar advising estate planning counsel on how to approach converting grantor trusts to non-grantor trusts. She will explain the potential benefits of this conversion, which include income tax deductions and other state/federal tax benefits, along with the possible disadvantages, such as the loss of certain transfer tax benefits. In doing so, she will equip advisors with the knowledge to weigh short-term gains against long-term drawbacks in meeting clients' overall estate tax planning goals. Finally, the program will review the risks associated with reverting to grantor trust status in the future.