How large can a Trust become before it is taxable by the federal government?
Dear Ms. Allison: How large can a Trust become before it is taxable by the federal government and is there such a thing as a Sub-Trust or Smaller Trust outside the original? Thanks, PT in NE Oklahoma Dear PT: Your question is difficult to answer due to the many different taxes that could attach and the myriad of different Trusts that exist. Here are a few answers, but by no means are they the only answers. Revocable Trusts are those which can be changed by the grantor (person