Irrevocable Trust Income To Beneficiaries

• Category: Trusts - Revocable
• State: Multi-State
• Control #: US-02573BG
• Format: Word; Rich Text

Description Printable Living Trust Forms Pdf

Federal tax aspects of a revocable inter vivos trust agreement should be carefully studied in considering whether to create such a trust and in preparing the trust instrument. There are no tax savings in the use of a trust revocable by the trustor or a non-adverse party. The trust corpus will be includable in the trustor's gross estate for estate tax purposes. The income of the trust is taxable to the trustor.