Legal Question in Wills and Trusts in California

If one is the beneficiary of an irrevocable trust, is it possible for the Trustee to treat the Trust itself as a tax paying entity, thereby having the Trust pay the tax on all the income the Trust generates, then pass down whats left (net income) to the Beneficiary with no further tax liablity to the Beneficiary?


Asked on 11/24/13, 3:12 pm

1 Answer from Attorneys
Victor Waid Law Office of Victor Waid

Advise you cnsult with a tax accountant and lawyer specializing in the tax consequences of administration of an irrevocable trust as to the trust liability for the tax if any and the consequence to beneficiaries of the trust.

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Answered on 11/24/13, 3:56 pm


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