The grantor can add money to the trust unless there is some specific prohibition which is not very likely.It's not a gift if you give something to yourself. Thi...
2) If so, to confirm you are saying the trustee and beneficiary (again same person) is allowed to and can make money cash gifts to the trust?If it's a grantor t...
1) With the above said do you mean this trust is considered a grantor trust?Depends on the terms of the trust......what powers the beneficiary has, etc, and tha...
Mike9241 is right....this could be a grantor trust.....a trust that is disregarded in the sense that the trustee/beneficiary owns the assets in the trust. If th...
With that said can you clarify and confirm if the trustee and beneficiary here, is allowed to gift money to the same trust, as you described in your initial ans...