A non-grantor trust is a type of trust where the grantor, typically the person who creates the trust, relinquishes control over the trust’s terms, beneficiaries, and revocation rights. As a result, the trust is treated as a separate taxable entity, required to file its own tax return (Form 1041). Like individuals, non-grantor trusts are subject to federal and state income … Continue reading State Income Tax Implications for Non-Grantor Trusts