Don’t Forget Income Taxes During Trust Administration
During a trust administration, trustees may be responsible for filing federal income tax returns for the trust. Trustees must understand when this tax is due.
During a trust administration, trustees may be responsible for filing federal income tax returns for the trust. Trustees must understand when this tax is due.
Administering an estate in Orange County that involves dealing with loans to a beneficiary has unique complexities. Consider taking these six actions during administration.
Will trustees with specific skills be held to a higher standard? Trustee beware of your Duties . View here for more from an Orange County trust attorney.
A efficient trust administration comes when conflicts are kept to a minimum. Learn nine tips to help ensure a smooth trust administration.
Trustees must complete and file income tax returns for the trust for each tax year. There are certain income tax deductions that are permissible to offset such income.
Don’t decide whether to be the executor of someone’s estate until you consider these three things, so that you can make an informed decision.