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  2. Will I Owe Capital Gains Taxes on Irrevocable Trusts? - AOL

    www.aol.com/finance/irrevocable-trusts-pay...

    For example, the top ordinary Federal income tax rate is 37%, while the top capital gains rate is 20%. By comparison, a single investor pays 0% on capital gains if their taxable income is $41,675 ...

  3. Will Terminating an Irrevocable Trust Affect My Taxes? - AOL

    www.aol.com/terminating-irrevocable-trust-affect...

    The post Tax Consequences of Terminating an Irrevocable Trust appeared first on SmartReads by SmartAsset. Irrevocable trusts are typically established to protect assets from creditors, benefit the ...

  4. Revocable trust vs. irrevocable trust: key differences - AOL

    www.aol.com/finance/revocable-trust-vs...

    However, a revocable trust can provide language to create sub-trusts upon the death of a grantor (e.g. credit shelter or other irrevocable trusts) that can preserve or reduce future estate tax ...

  5. Charitable remainder unitrust - Wikipedia

    en.wikipedia.org/wiki/Charitable_remainder_unitrust

    A charitable remainder unitrust (known as a "CRUT") is an irrevocable trust created under the authority of the United States Internal Revenue Code § 664 [1] ("Code"). This special, irrevocable trust has two primary characteristics: (1) Once established, the CRUT distributes a fixed percentage of the value of its assets (on an annual or more frequent basis) to a non-charitable beneficiary ...

  6. Taxation in Canada - Wikipedia

    en.wikipedia.org/wiki/Taxation_in_Canada

    Federal and provincial income tax rates are shown at Canada Revenue Agency's website. Personal income tax can be deferred in a Registered Retirement Savings Plan (RRSP) (which may include mutual funds and other financial instruments) that are intended to help individuals save for their retirement.

  7. Income tax in Canada - Wikipedia

    en.wikipedia.org/wiki/Income_tax_in_Canada

    This income is taxed at the shareholder's personal income tax rate, but a part of the tax is offset by a 10.5217% dividend tax credit (for 2017) [18] to reflect the federal tax paid at the corporate level. There are also provincial dividend tax credits at different rates in different provinces.

  8. Estates and Wills: Should You Set Up a Revocable or ... - AOL

    www.aol.com/estates-wills-set-revocable...

    However, irrevocable trust assets may be taxed at a different rate. The trust may be responsible for paying income tax on undistributed gains. The beneficiary may also pay income taxes on money ...

  9. Grantor retained annuity trust - Wikipedia

    en.wikipedia.org/wiki/Grantor_retained_annuity_trust

    A grantor transfers property into an irrevocable trust in exchange for the right to receive fixed payments at least annually, based on original fair market value of the property transferred. [2] At the end of a specified time, any remaining value in the trust is passed on to a beneficiary of the trust as a gift. Beneficiaries are generally ...