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2. United States trust law - Wikipedia

   en.wikipedia.org/wiki/United_States_trust_law

   For Federal income tax purposes in the United States, there are several kinds of trusts: grantor trusts whose tax consequences flow directly to the settlor's Form 1040 (U.S. Individual Income Tax Return) and state return, simple trusts in which all the income created must be distributed to one or more beneficiaries and is therefore taxed to the ...

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

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

   An irrevocable trust is a legal entity that cannot be altered, amended or revoked after its creation. ... Doing so can move the trust to a state with more favorable laws while retaining protection ...

4. We’re a retired couple in our 60s with one child who will ...

   www.aol.com/finance/retired-couple-60s-one-child...

   An irrevocable trust, on the other hand, cannot be changed without a court order or the approval of the trust's beneficiaries. However, assets placed into an irrevocable trust are excluded from ...

5. Trust (law) - Wikipedia

   en.wikipedia.org/wiki/Trust_(law)

   Inter vivos trust (or 'living trust'): A settlor who is living at the time the trust is established creates an inter vivos trust. Irrevocable trust: In contrast to a revocable trust, an irrevocable trust is one in which the terms of the trust cannot be amended or revised until the terms or purposes of the trust have been completed. Although in ...

6. Uniform Trust Code - Wikipedia

   en.wikipedia.org/wiki/Uniform_Trust_Code

   The increased use of trusts in estate planning during the latter half of the 20th century highlighted inconsistencies in how trust law was governed across the United States. In 1993, recognizing the need for a more uniform approach, the Uniform Law Commission (ULC) appointed a study committee chaired by Justice Maurice A. Hartnett III of the ...

7. What are death taxes? Key facts about estate and ... - AOL

   www.aol.com/death-taxes-key-facts-estate...

   Moving to a state without an inheritance and estate tax. Federal estate tax may still be applicable though if your estate exceeds the exemption threshold. Setting up an irrevocable trust. You give ...