Multiple Trusts

The Multiple Trusts are.

two or more trusts, treated as one if they have substantially the same grantor(s) and substantially the same beneficiary or beneficiaries, and if one of the principal purposes for the existence of multiple trusts is the avoidance of federal income tax. A husband and wife are considered to be one person for the purpose of this provision. IRC (check if this IRC provision is current here) § §643 and 667.

See the entries Income Tax and State Income Tax in the American Encyclopedia of Law.