Revocable Trust With Corporate Trustee

 Revocable Trust Agreement with Corporate Trustee
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State:
Multi-State
Control #:
US-0377BG
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Description

A revocable trust is a trust that can be modified or revoked by the settler. In such trusts, the settler reserves the right to terminate the trust and recover the trust property and any undistributed income. Revocable trusts are considered grantor trusts and therefore the income is taxed to the settler and the assets in the trust at the time of settlers death are included in the settlers taxable estate.

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