The grantor is responsible for paying taxes on a dynasty trust. The beneficiaries pay income taxes if they receive income from the trust, and generation-skipping taxes are deferred until the trust terminates and the final beneficiaries receive the remaining assets. The Bottom Line Individuals with s...
The third-generation Jackman - Duncan - is now the Chair of ELF. The free float of ELF is gradually dwindling with Hal Jackman - now aged 91 and quietly leaving the board at the 2023 AGM - being "related" to 2,945,765 shares[26], either directly through a trust structure ...