Business & farm

Both of you is who?

 

Despite the fact that you were not the original grantors does not necessarily mean the trust is not a grantor trust. If you (both) actually own the asset(s), as a result of having certain powers granted to you by the terms of the trust, then you can essentially do what you desire.

 

I would recommend seeking guidance from a local professional who can review the terms of the trust.

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