@LostSoul1 wrote:
Would an irrevocable trust that is a completed gift treated as a grantor trust for tax purposes only, in which the grantor has no other rights qualify?
Without further details, what you have described appears to be an IDGT (intentionally defective grantor trust).
If that is the case, you really do need to stay in touch with, and receive advice from, a tax and legal professional.
On the other hand, an IDGT is treated the same as any other grantor trust for federal income tax purposes (but not for estate tax purposes).
