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Prepared 1989 revised Oct. 1991 July 1992 Nov. 1994 retyped Dec. 1997 Sept. 1998 revised March 2003 revised May 3426 Ocean Drive P. All of the income from the trust is taxed on the return of the grantor. Likewise if a trust can be amended or revoked or if income rights are retained by the grantor the trust assets will be taxable in the grantor s estate for estate tax purposes. Updated May 2017 STRAIGHT TALK ABOUT LIVING TRUSTS by E. Steven Lauer Esq. A living trust is a valuable tool for...
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