- Not considered a separate entity.
- Grantor retains certain powers or ownership interests.
- Income, deductions and credits are reported on the grantor's individual tax return.
- Trust is treated as a taxable entity.
- Assets treated as being owned by the trust.
- Trust is responsible for the tax consequences of income, deductions and credits.
- Separate tax return is filed on behalf of the trust.
Simple / Complex Trusts
Managing WealthTrusts are an estate plan's anchor, but the terminology can be confusing. We cut through the clutter.
Managing WealthLearn how ING trusts can be used to shield assets from state income taxes and provide additional protection for high-wealth individuals.
Financial AdvisorSeveral improvements and additional provisions have been added to irrevocable trusts in recent years making them considerably more versatile than before.
Financial AdvisorRevocable living trusts accomplish estate planning objectives that aren't possible with a will. Here are some of the cases that show when to use a trust.
Managing WealthA revocable trust is a legal arrangement whereby a grantor transfers property to a trustee who holds the property in trust for the grantor’s benefit.
Managing WealthContrary to popular opinion, trust funds are not just for the rich. Middle class citizens can set them up, as well.
RetirementNo, they're not just for the super-rich. But you need to know the rules.
TaxesTaxpayers with large taxable estates were required to take steps to reduce them before 2011.
Managing WealthIf you or someone you love has a disability, these trusts can help ease the cost of care.