Trusts & Taxes: FAQs Taxation for trusts can be complicated, as there are special rules in place for filing and paying for trust-related taxes (as opposed to personal or business taxes). Understanding the obligations and requirements for the taxes related to trusts is important to properly managing and administering trusts and to avoiding future complications,…
A Denver trust attorney discusses when trust distributions can be taxable. It depends on the nature of the distribution, as well as when the distribution is made. More specifically, the income earned and distributed by trusts is subject to estate taxes. Whether you or the trust is responsible for paying these taxes, however, will depend…
A Denver estate planning attorney discusses the benefits of trusts. Trusts are estate planning tools that allow one party to transfer certain assets to another party via the oversight of a third party. Although trusts may not be right for every estate plan, they can have a number of benefits, including: Maintaining control of wealth…
