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Trust tax rules can be intricate, so it’s useful to consult that has a tax professional when you’re employing a trust to make the most of tax Added benefits. Here are some factors to remember:
The one particular creating a trust is known as the trustor or grantor. The 1 who oversees and manages the trust is known as the trustee. Inside a revocable trust, the trustor might Regulate the trust as well, but in an irrevocable trust, the trustee must be someone else.
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