Living Trusts and the Impact on Taxes

Living trusts can have various impacts on taxes. Estate planning attorneys explain the purposes of a living trust, how to fund a trust and retitle assets, and tax implications.
The American College of Trust and Estate Counsel (ACTEC) is a national association of approximately 2,400 peer-elected lawyers and law professors from across the United States and abroad with expertise in estate planning, probate, and trust.
In this video:
00:00 Introduction
00:36 Purpose of a Living Trust
02:09 Funding a Trust’s Impact on Taxes
03:46 How Will 1099s and Documents Change After Funding the Trust
04:33 Can Incapacity Impact a Trust