21b02ff7__Trusts_vs__Irrevocable_Trusts__Features_Benefits
YES. You have done nothing. You still "own" the assets. All Income and Expenses flow-through to the Grantor's form 1040. [IRREVOCABLE TRUST] YES. If this is a Grantor-Type Trust, for income tax purposes, all income and expenses flow-through to the Grantor's form 1040. [Features/Benefits] 
Form 1040 income tax benefits
Revocable Trusts vs. Irrevocable Trusts
Features/Benefits