Will a living trust save income taxes?
No. The income of the living trust will be taxable to the grantor as if the trust did not exist for income tax purposes. Also, if the grantor is not the trustee or a co-trustee, then the living trust must obtain a separate taxpayer identification number and thereafter file annual tax returns.

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1. Will a living trust save income taxes?
2. Can I preserve assets in a living trust and still qualify for Medicaid?
3. Will having a living trust avoid challenges by my beneficiaries or heirs?
4. Will I save estate taxes with a living trust, compared with a will?
5. Will a living trust protect my assets against creditors?
6. Will a living trust help me while I am living?
7. How are trusts classified?