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- medical expenses paid from a grantor trust
medical expenses paid from a grantor trust
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MWK
Level 1
04-27-2020
10:44 PM
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grantors of a grantor trust are divorced parents. Trust pays medical expenses of the beneficiaries. Can one parent deduct 100% of medical expenses paid?
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BobKamman
Level 15
04-28-2020
09:28 AM
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I would start with the divorce decree. To whom does it award the trust assets? Or maybe this is a bifurcated case where the spouses are declared single, but the property settlement remains to be decided. In that case, whose money went into the trust, and does the trust state that it is now owned by both?
And who are the beneficiaries? The grantors?
My guess is that you will end up with a 50/50 split.
