Sample Revocable Living Trust Husband And Wife

 Revocable Trust Agreement with Husband and Wife as Trustors and Income to
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State:
Multi-State
Control #:
US-02573BG
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Description

Federal tax aspects of a revocable inter vivos trust agreement should be carefully studied in considering whether to create such a trust and in preparing the trust instrument. There are no tax savings in the use of a trust revocable by the trustor or a non-adverse party. The trust corpus will be includable in the trustor's gross estate for estate tax purposes. The income of the trust is taxable to the trustor.

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