
What Is a Tax Reimbursement Clause?
Tax reimbursement clauses are a common clause in many trusts. Why are they used? Why are they important for you to understand?

Tax reimbursement clauses are a common clause in many trusts. Why are they used? Why are they important for you to understand?

One of the most useful estate planning tools is a trust, which can be used to create a legacy of wealth and protecting assets. One question to consider when creating one, is whether a grantor or non-grantor trust is more appropriate. A non-grantor trust is any trust that is not a grantor trust.