grantor trust

A trust in which the settlor retains control over the trust property or its income to such an extent that the settlor is taxed on the trust’s income.

• The types of controls that result in such tax treatment are set out in IRC (26 USCA)§§ 671–677. An example is the revocable trust.

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词条贡献者

法律翻译王漾，在一家顶尖英国律师事务所的上海办公室担任全职法律翻译，专注翻译各类与大中华业务有关的法律文件。