nongrantor trust
A term to know.
A trust which is not includible in the taxable income or gross estate of the grantor. Within the context of CLTs, a trust which is not includible in either the taxable income or gross estate of the grantor.
Synonyms:
non-grantor trust, non-grantor trusts, nongrantor trusts
Synonyms list
(a comma-separated list)
non-grantor trust, non-grantor trusts, nongrantor trusts