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Level 2
December 6, 2019
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When someone with a Revocable trust dies, is the 1041 filed as a simple trust or as an estate?

  • December 6, 2019
  • 3 replies
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Best answer by IRonMaN

Normally a revocable trust becomes an Irrevocable trust upon death.  Whether or not it is a simple or a complex trust depends on the trust agreement.

3 replies

IRonMaN
IRonMaNAnswer
Level 15
December 6, 2019

Normally a revocable trust becomes an Irrevocable trust upon death.  Whether or not it is a simple or a complex trust depends on the trust agreement.

Slava Ukraini!
sjrcpa
Level 15
December 6, 2019
And, as is likely, they owned stuff outside the trust, an estate 1041 will also be needed.
The more I know the more I don’t know.