Remember when your baby was just an infant and you thought he/or she would break like dropped china or porcelain? And then you saw them run right into a glass door and bounce off like a rubber ball and bounce back for more. It was probably back then that you first gave some forethought into…
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…
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…
