Fortunately, though, the tax rules for bypass trusts and other "non-grantor" trusts allow trusts that distribute their income to beneficiaries to distribute the tax consequences to the beneficiaries as well - allowing those beneficiaries to claim the income on their own personal tax returns and be subject to their .
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Cost basis for distributions from trusts depends on the type of trust involved. Bypass trusts, marital trusts, credit shelter trusts, GDOTs, QTIPs, IDGTs, GSTs .
Paul Horn is a California probate attorney and CPA. Paul's practice areas include all aspects of probate, living trusts, and trust administration. Paul is an .
Annuities have long enjoyed preferential treatment under the tax code - so extensive, that they merit an entire portion of the tax code, IRC Section 72, all to .
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