The Unexpected Half-Life of A Terminating Grantor Trust or QSST

Trusts & Estates BROUGHT TO YOU BY brought to you by last will Kenishirotie/iStock/Thinkstock Wealth Planning>Estate Planning The Unexpected Half-Life of A Terminating Grantor Trust or QSST Focus on preventing an inadvertent end to S corp status. Resources Trusts & Estates Latest Issue Read the Latest Issue Subscribe to Trusts & Estates Premium Content Subscribe Now Trusts and Estates Digital Edition Archive Read Now About Trusts & Estates Learn More

Trust documents are often drafted to ensure that a trust, whether by its terms or through trustee reformation, qualifies as an eligible shareholder of an S corporation (S corp). A similar level of focus should be directed to the process of administering a trust or estate on the death of a grantor or beneficiary of a trust that’s an S corp shareholder to ensure that the shareholder who succeeds to ownership is and remains an eligible shareholder—thereby preventing an inadvertent All access premium subscription

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