Arkansas Administrative Code
Agency 006 - Department of Finance and Administration
Division 05 - Division of Revenues
Regulation 1997-4 - Comprehensive Individual Income Tax Regulations
Rule 26-51-102 - DEFINITIONS
Rule 7.26-51-102 - Revocable Trust
Universal Citation: AR Admin Rules 7.26-51-102
Current through Register Vol. 49, No. 9, September, 2024
A trust in which the settlor (that is, grantor or creator of the trust) reserves the right to revoke the trust. The settlor would be considered to be the "owner" of such a trust. Therefore, revocable trusts may be treated as grantor trusts under certain circumstances. IRC Sec. 671 et seq.; Reg. 1.676(a).
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