Paying Trust Beneficiaries

AuthorMargaret A. Munro, Kathryn A. Murphy
ProfessionHas more than 30 years' experience in trusts, estates, family tax, and small businesses/Attorney with more than 20 years' experience administering estates and trusts and preparing estate and gift tax returns
Pages207-219
CHAPTER 13 Paying Trust Beneciaries 207
Chapter13
Paying Trust
Beneciaries
Going through all the song and dance of creating the trust, funding the
trust, and then investing the trust assets is basically pointless unless you
do it to benet someone else: the trust beneciary. The trust beneciary is
the person or institution who’s named in the trust instrument to receive income
and/or principal from the trust.
In this chapter, we explain how, when, and why you make distributions over the
lifetime of the trust to the trust beneciary or beneciaries. We give you the low-
down on the information you need from and about the beneciaries before you
can write that rst check, and how to determine whether you should ever pay
more than the absolute minimum the trust instrument directs you to pay. And
when it’s time to completely discharge your duty as trustee, we tell you what you
need to know to make those nal distributions.
IN THIS CHAPTER
»
Establishing who the trust’s
beneciaries are (and getting the info
you need from them)
»
Setting up the distribution schedule
»
Making proper distributions at the
proper times
»
Handling beneciaries who ask for or
need unscheduled distributions

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