Friday, May 5, 2017

Are All Grantor Trusts Revocable?

Most, but not all grantor trusts are revocable, but all revocable living trusts are grantor trusts.  Generally speaking, a grantor trust status does not hinge on whether a trust is revocable or irrevocable, but whether the grantor is responsible, in whole or in part for taxes on the income produced by the trust assets.  There […]

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