@DTinNV wrote:
And how do I know which it is?
Who set up the trust? That individual or firm should be able to tell you how it is structured.
Without getting too far into the weeds, if you, as beneficiary, basically have certain "powers" (particularly the power to withdraw all, or a significant portion, of the corpus (principal) of the trust), then the trust is likely to be considered a grantor trust.
Many trusts are designed as set forth above, but you have to read the trust instrument to be certain.
