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  2. These Trusts Can Help You Avoid Estate Taxes - AOL

    www.aol.com/trusts-help-avoid-estate-taxes...

    Residence Trusts Can Shield Real Property. A residence trust is another form of irrevocable trust because only irrevocable trusts can shield assets from estate taxes. Here, you put property such ...

  3. Estates and Wills: Should You Set Up a Revocable or ... - AOL

    www.aol.com/estates-wills-set-revocable...

    An irrevocable trust takes away your control of your assets. But if you have money or property you plan to hold onto, specifically for your heirs, an irrevocable trust can help protect those assets.

  4. Will I Owe Capital Gains Taxes on Irrevocable Trusts? - AOL

    www.aol.com/finance/irrevocable-trusts-pay...

    Investors use irrevocable trusts to protect their assets from creditors, lawsuits and estate taxes. However, when you sell a home in an irrevocable trust, that can complicate your tax situation.

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

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

    The post Tax Consequences of Terminating an Irrevocable Trust appeared first on SmartReads by SmartAsset. Irrevocable trusts are typically established to protect assets from creditors, benefit the ...

  6. Qualified personal residence trust - Wikipedia

    en.wikipedia.org/wiki/Qualified_personal...

    Residence trusts in the United States are used to transfer a grantor's residence out of the grantor's estate at a low gift tax value. Once the trust is funded with the grantor's residence, the residence and any future appreciation of the residence are excluded from the grantor's estate, if the grantor survives the term of the trust, as explained below.

  7. 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 ...

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