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00:00 Individual vs Trust Income Tax Rates
0:24 Confusion About Trusts and Income Tax
4:35 An Example: Grandpa Has a $6 Million Estate
6:20 Grandpa Wants To Leave Entire Estate To Trust for Grandson
7:59 Tax Rates
8:12 The Seven Tax Rates
8:45 Distinction Between Individual and Trust Tax Rates
10:15 Married Couples Filing Jointly: 37% On Income That Exceeds $731,200
11:03 Trusts and Estates Have Highly Compressed Tax Brackets
11:50 Trusts: 37% On Income That Exceeds $15,200
12:36 When Do Trust Income Tax Rates Apply?
12:55 Grantor Trust
14:27 The Revocable Living Trust
15:20 The RLT Is A Grantor Trust
17:20 Grantor Can Use Their Social Security Number on Trust Accounts
18:22 It's Possible For An Irrevocable Trust To Be A Grantor Trust
20:38 When Living Trust Grantor Dies
21:38 Beneficiary On Nongrantor Trust Pays Tax on Trust Income Distributions
23:30 What Does Trust Say Regarding Distributions Of Income?
27:31 Principal Distributions Typically Not Subject To Income Tax
30:40 Rarely Desirable To Accumulate Trust Income Unless A Compelling Reason
31:50 Trust As A Beneficiary Of A Traditional IRA
32:18 Conduit vs Accumulation Trust
39:18 Factors To Consider Converting Traditional IRA To Roth IRA
40:50 Summary
43:45 Chat And Q&A
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By: America's Estate Planning Lawyers
Title: Trust Income Tax Rates vs Individual Income Tax Rates
Sourced From: www.youtube.com/watch?v=wL7pB5Go3-Y
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