Long Beach California Revocable Trust Agreement with Corporate Trustee
Category:
State:
Multi-State
City:
Long Beach
Control #:
US-0377BG
Format:
Word;
Rich Text
Instant download
Description
A revocable trust is a trust that can be modified or revoked by the settler. In such trusts, the settler reserves the right to terminate the trust and recover the trust property and any undistributed income. Revocable trusts are considered grantor trusts and therefore the income is taxed to the settler and the assets in the trust at the time of settlers death are included in the settlers taxable estate.
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