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    #1

    Shield or Asset Protection Trust

    Is a 1041 required? If so, does the grantor or settlor report the income on his/her return?
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    #2
    90% of the Trust Document appoints an independent trustee. A 1041 filing is required. Trust is issued an EIN. Trust reports the income and expenses in form 1041.
    Taxes after all are the dues that we pay for the privileges of membership in an organized society. - FDR

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      #3
      Thanks ATSMAN.

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