• A trust trust is a trust in which the individual creating the trust is the owner of the assets and property for income and inheritance tax purposes.

  • Settlor Trust Rules are rules that apply to different types of trusts.
  • Trusts of the grantor can be revocable or irrevocable.
  • In the case of intentionally defective trusts, the grantor must pay taxes on any income, but the assets are not part of the owner’s property.