Assertion: trust's income | /r/HasProperty | generated by trust assets
Facets:
Source sentences:
text: Income generated by trust assets and not distributed to trust beneficiaries may be taxed at a higher income tax rate than your individual rate
text: Also, since the assets have been transferred to the trust, you are relieved of the tax liability on the income generated by the trust assets (although distributions will typically have income tax consequences).
text: Generation-skipping trusts can still be used to provide financial benefits to a grantor's children, however, because any income generated by the trust's assets can be made accessible to the grantor's children while still leaving the assets in trust for the grandchildren.