Helpful tips for choosing the right person to serve as a trustee The answer to this question is important to consider, as your choice in trustees can have significant impacts in the future. For instance, while a good trustee can ensure that assets are distributed according to your wishes (i.e., the terms of the trust),…
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 taxes. Whether you or the trust is responsible for paying these taxes, however, will depend on…
