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

译员Nanda，毕业于英国顶尖的高级翻译学院，专注翻译各种与证券和消费者集体诉讼有关的法律文件。