Assertion: trust's income | /r/HasProperty | generated by asset
Facets:
Source sentences:
text: The grantor is also relieved of any tax liability from income generated by assets that are placed into the trust.
text: Irrevocable trusts remove the assets from the benefactor's taxable estate, meaning they are not subject to estate tax upon death, and they also relieve the benefactor of tax responsibility for any income generated by the assets.
text: All income generated by those assets goes to the surviving spouse, and the principal often goes to the couple’s heirs when the surviving spouse dies.