F i liquidating trust

If the grantor makes the initial transfer of assets into a charitable trust while he's still alive, he can claim a charitable income tax deduction in the year the transfer is made.

If the initial transfer of assets into a charitable trust doesn't occur until after the grantor's death, his estate will receive the charitable estate tax deduction instead.

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A revocable living trust is a type of trust that can be changed at any time.

If you have second thoughts about a provision in the trust or if you change your mind about who should be a beneficiary, you can modify the trust's terms with a trust amendment.

You can revoke or undo the entire trust if you decide that it just doesn't serve your purposes any longer.

A revocable trust can protect the privacy of your property and beneficiaries when you die as well.

Because it's not subject to probate, your trust agreement remains a private document.

It can make full use of the deceased spouse's exemption from estate taxes through the funding of the B part of the trust at the time of death with property valued at or below the estate tax exemption.

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