Alimony Trust

Alimony Trust means:
a trust established as a result of separation or divorce. The trust instrument provides for support payments to the grantor's ex-spouse and children, with income-producing property inside the trust. The income that would normally be taxable to the grantor is taxable instead to the spouse receiving the payments. Former Tax Regulation (check if this Reg. is current here) §1.71-l(c)(3).