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Living Trust<br>Related Legal Information  

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New York Living trust - DOES A TRUST AVOID INCOME TAXES.


There are no substantive income tax advantages in the use of a Living Trust. The grantor is treated as the owner of the trust for income tax purposes, and must report all trust income on his or her personal return under the "grantor trust" income tax rules.
 
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Problems Solved by Estate Planning

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Try to avoid probate with Living Trust  

Try to Avoid Probate with Living Trust

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The AB living trust saves taxes  

The AB Living Trust Saves Taxes

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The remarkable life and lessons of Ronald Read, the $8 million janitor

Washington Post
What do we know of Read? He served in World War II, seeing action in North Africa, Italy and the Pacific theater. The local paper reported that when the war ended, he returned to Brattleboro. For the next 25 years, he worked at Haviland's service ...
The remarkable life and lessons of Ronald Read, the $8 million janitor

Tax Issues to Consider in Elder Care Planning

Insurance News Net
(Though beyond the scope of tins article, typically assets that are gifted to or inherited by a child will avoid equitable distribution in New York ; however, it is very easy for an inherited or gifted asset to be "co-mingled" and thus considered the ...
Tax Issues to Consider in Elder Care Planning
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