• Home
  • Who We Are
    • About Our Firm
    • Meet Our Team
  • Estate Planning
    • Estate Planning Services
    • Young Families
    • Asset Protection & Business Planning
    • Trust Administration & Probate
    • Special Needs Planning
    • Family-Owned Businesses
    • Financial Planning Assistance
    • LGBT Estate Planning
    • Incapacity Planning
    • IRA & Retirement Planning
    • Legacy Planning
    • Estate and Gift Tax Figures
  • Elder Law
    • Guardianship & Conservatorship
    • Medicaid Planning
    • Coping With Alzheimer’s
    • Emergency Medicaid & Nursing Home Planning
    • Hospice Care
    • Veteran’s Benefits
  • Probate
  • Resources
    • Client Resources
      • Estate Planning Resources
        • FREE Estate Planning Seminars
        • Estate Planning Techniques
        • Estate Planning Check Up
        • Long Island Estate Planning Resources
        • Estate Planning Worksheet
      • New York Medicaid Resources
        • Medicaid Planning Worksheet
      • Elder Law Resources
        • Brentwood Elder Law
        • Central Islip Elder Law
        • Commack Elder Law
        • Hauppage Elder Law
        • Smithtown Elder Law
      • Probate Resources
        • Brentwood Probate
        • Central Islip Probate
        • Commack Probate
        • Hauppage Probate
        • Suffolk County Probate Resources & Checklist
        • Smithtown Probate
      • Retirement Planning Checklist
      • Nursing Home Resources
      • Trust Administration Resources
      • Definitions
      • Presentations
      • Docubank
    • Reports
      • Advanced Estate Planning
      • Basic Estate Planning
      • Estate Planning for Niches
      • Trust Administration
    • Frequently Asked Questions
      • Business Planning
      • Estate Planning
      • Incapacity Planning
      • Medicaid Planning
      • Probate
      • Trust Administration
      • Trust Administration & Probate
      • Medicaid Planning
      • LGBT Estate Planning
      • Families Without an Estate Plan
      • Wills and Trusts
  • Areas We Serve
    • Long Island
    • Suffolk County
      • Brentwood
      • Central Islip
      • Commack
      • Hauppauge
      • Smithtown
    • Nassau County
      • Oyster Bay
  • Blog
  • Contact Us

WAEstate

Long Island Elder Law & Estate Planning

Call us today(631) 265-0599

Attend a Free Seminar

Nongrantor Trusts Can Be Very Useful in Certain Situations

February 5, 2019Estate Planning, legal education

A trust may be taxed as either a grantor trust or a nongrantor trust. Each type of trust has advantages and disadvantages. This article examines a nongrantor trust and situations in which it might be useful.

Nongrantor Trusts Can Be Very Useful in Certain Situations

  • About
  • Latest Posts

Mark S. Eghrari, Estate Planning Attorney

Mark S. Eghrari is an attorney in private practice in Smithtown, New York. He has been in practice since 1988. Mark S. Eghrari provides extensive estate and tax planning services to individuals and businesses. Mr. Eghrari’s primary focus is helping clients avoid probate, minimize or eliminate Federal and State Estate taxes and protect their assets from the high cost of nursing care, if they become ill.

Latest posts by Mark S. Eghrari, Estate Planning Attorney (see all)

  • The Little Things May be the Most Important - February 19, 2019
  • SALT Deduction Limit…Can You Get Around It? - February 14, 2019
  • Uncommon Estate Planning Terms Demystified - February 12, 2019

Other Articles You May Find Useful

Trust
Is It Better to Have a Will or a Trust?
living trust
Does a Living Trust Provide Asset Protection?
Trusts Can Satisfy Varied Objectives
Long Island estate planning attorney
What Can Happen if You Don’t Have a Long Island Estate Planning Attorney?
estate planning vs legacy planning
What is the Difference Between Estate Planning vs Legacy Planning?
elder law attorney
Beware of Scams Involving New Medicare Cards

Download our free estate planning worksheet for creating a secure future

There's a lot that goes into setting up a comprehensive estate plan, but with our FREE worksheet, you'll be one step closer to getting yourself and your family on the path to a secure and happy future.

Follow Us

  • Facebook
  • Twitter
  • Linkdin
  • Youtube
  • rss

Blog Subscribers

  • This field is for validation purposes and should be left unchanged.

Blog Categories

  • Advance Directives (6)
  • Advanced Planning (4)
  • Annuity Trust (1)
  • Asset Protection (14)
  • Business Planning (5)
  • Drawbacks of Probate in New York (1)
  • Durable Power of Attorney (3)
  • Elder Law (108)
  • Estate Administration (12)
  • Estate in New York (2)
  • Estate Planning (141)
  • Estate Planning (14)
  • Estate Plans (135)
  • Estate Tax (7)
  • Estate Tax in New York (2)
  • Estate Taxes (32)
  • Federal Estate Tax (3)
  • Final Arrangements (2)
  • Financial Planning (12)
  • General (2)
  • Guardianship (8)
  • Guardianship in New York (2)
  • Ilit in New York (1)
  • Incapacity Planning (32)
  • Inheritance Tax in New York (4)
  • Insurance (4)
  • IRA / Retirement Planning (6)
  • Irrevocable Trust in New York (2)
  • Legacy Planning (11)
  • legal education (3)
  • LGBT Estate Planning (1)
  • Living Will (2)
  • Long Term Care (22)
  • Lving Trust (10)
  • Medicaid (51)
  • Medicaid Planning (17)
  • Medicare (2)
  • Medicare and Medicaid in New York (1)
  • Parents w/Young Children (2)
  • Pet Planning (6)
  • Power of Attorney (15)
  • Probate (48)
  • Probate Process in New York (1)
  • qualified Terminable Interest Property Trust in New York (1)
  • Retirement Planning (27)
  • Revocable Living Trusts (4)
  • Small Business Planning (3)
  • Social Security (2)
  • Special Needs Planning (16)
  • Special Needs Trust in New York (3)
  • Supplemental Needs Trust (1)
  • Taxes (15)
  • Trust (30)
  • Uncategorized (4)
  • Veterans Aid and Attendance (5)
  • Wills and Trusts (55)
  • Wills in New York (2)

Where We Are

LAW FIRM OF MARK S. EGHRARI & ASSOCIATES, PLLC
50 Karl Avenue, Suite 202
Smithtown, NY 11787
Phone: (631) 265-0599
Fax: (631) 265-0754

See Larger Map Get Directions

Office Hours

Monday9:00 AM - 5:00 PM
Tuesday9:00 AM - 5:00 PM
Wednesday9:00 AM - 5:00 PM
Thursday9:00 AM - 5:00 PM
Friday9:00 AM - 2:00 PM

Map

myestateplan_sidbr_map
  • Disclaimer
  • Privacy Policy
  • Sitemap
  • Contact Us

Connect with Us

  • Facebook
  • Twitter
  • Linkdin
  • Youtube
  • rss
footer-logo

LAW FIRM OF MARK S. EGHRARI
& ASSOCIATES, PLLC
Attorney Advertisement

© 2019 American Academy of Estate Planning Attorneys, Inc.