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The child received the funds as settlement of a medical malpractice claim. Settlement was in favor of the child. Parents represented him as Guardians and the Tr...
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As I think about what I've read here and some other research,1. The Trust is a disregarded entity for tax purposes2. The income and expense flow through to the ...
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This SNT is a Grantor Trust, confirmed by two separate Trustees, the income is reported on a composite 1099 then I have all the payments from the Trust to consi...
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Thanks for taking the time to reply. This Trust is a Simple Grantor Trust in which the Grantor self-funded the Trust and is also the Beneficiary. All items of i...
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Client is a young child with a Special Needs Trust. Unearned income exceeds limit so he files a separate return. Trustee Fees are significant, > $22,000. I know...