Assertion: asset protection trust | /r/HasProperty | grantor trusts
Facets:
value: under u.s. income tax law
type: OTHER
Source sentences:
text: Most asset protection trusts established by U.S. settlors are considered "grantor trusts" under U.S. income tax law, meaning that all income of the trust is reportable on the grantor's (i.e., the settlor's) individual income tax return.