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Revocable Trust Agreement Form

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Instructions and help about Revocable Trust Agreement

hey there I'm a state planning attorney Paul rabalet and in this video I'm going to explain what impact setting up a revocable living trust will have on your income tax situation so this video is part is part five of a playlist Regarding why Americans create revocable living trusts let's face it taxes can be complicated so many people hear tidbits of information about trusts and taxes and these tidbits are often half-truths or they don't represent the big picture of trusts and income taxes people hear things like trust save taxes or trust tax rates are so high or Assets in a trust are are not subject to tax or if you set up a trust you must be saving lots of taxes or trusts are only for rich people who want to avoid taxes so let's address the basics of trusts and income tax particularly the most common type of trust which is the revocable living trust the revocable living trust is so common not necessarily for tax purposes but setting up a revoca

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