{"id":28802,"date":"2024-05-16T08:05:34","date_gmt":"2024-05-16T12:05:34","guid":{"rendered":"https:\/\/actec.matrixdev.net\/?post_type=video&p=28802"},"modified":"2024-05-16T08:51:48","modified_gmt":"2024-05-16T12:51:48","slug":"living-trust-taxes","status":"publish","type":"video","link":"https:\/\/actec.matrixdev.net\/resource-center\/video\/living-trust-taxes\/","title":{"rendered":"Living Trusts and the Impact on Taxes"},"content":{"rendered":"\n
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Living trusts can have various impacts on taxes, depending on factors like the type of trust, the assets involved, and the tax laws of the state or jurisdiction in which you reside. Revocable living trusts offer the flexibility of altering or revoking the trust during the grantor’s lifetime, whereas irrevocable living trusts cannot be changed or revoked once established. <\/p>\n\n\n\n

ACTEC Fellows Natalie M. Perry<\/a> and Kristin Yokomoto<\/a>, estate planning attorneys, discuss the tax implications of setting up and funding a living trust and what individuals need to understand when consulting with a tax advisor.<\/p>\n<\/div>\n\n\n\n

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\"\"<\/a>
Kristin L. Yokomoto<\/figcaption><\/figure>\n<\/div>\n\n\n\n
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\"Photo<\/a>
Natalie M. Perry<\/figcaption><\/figure>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Estate planning attorneys explain the purposes of a living trust, how to fund a trust and retitle assets, and tax 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