A trust over which the “grantor” retains the ability to direct or control the assets in the trust.
The Internal Revenue Service has a set of complicated statutes and regulations to determine if a trust is a “grantor” trust or not.
Basically, to not be a “grantor” trust, the “grantor” must give up all control over the assets in the trust.
from Protecting You And Your Family http://ift.tt/29N3xQz
from DeWitt Law Firm, PLLC
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