A quitclaim deed is a legal document used to transfer ownership interest in a property without it being sold. They are often ...

The grantor pledges there are no encumbrances to the title— liens, for example—but only while they owned the property. The grantor won’t be liable for issues that arose from previous owners.

The grantor is the party who transfers the property, while the grantee is the recipient of these rights. This fundamental relationship is pivotal in various transactions, from buying a home to ...

A grantor or writer is the seller of call or put options who collects the premiums for which the options are sold. The term can also refer to the creator of a trust.

The grantor carries several legal responsibilities during a real estate transaction. One of the primary duties is to provide a warranty of title, which assures the grantee that the property is ...

The Internal Revenue Service (IRS) established grantor trust rules to thwart misuse. In 2024, the income generated from trusts graduates to a higher tax bracket more quickly than the individual ...

Both grantor and grantee can come with a variety of meanings, depending on the context. When it comes to the world of real estate transactions, the terms can apply to a few different situations.

Rethinking Some Grantor Trusts Some advisers are moving low-basis assets out of the trusts by swapping in high-basis assets By Anna Prior Oct. 29, 2014 11:22 am ET ...

Although the grantor is responsible for the payment of taxes on the income of the IDGT, transfers to the IDGT will be treated as completed gifts for federal gift and estate tax purposes, assuming ...

Revenue Ruling 2023-2 is brief. Per the Internal Revenue Service, completed gifts to an irrevocable grantor trust will not receive a basis step-up upon the death of the grantor. Mechanically, the ...

Under the Internal Revenue Code’s “grantor trust”[1] rules, the grantor of a trust may be treated as the “owner” of all or part of the trust. As such, the grantor is taxed on the trust ...