Taxes and Trusts Explained
An episode of the Elder Law Issues podcast, hosted by Fleming & Curti PLC, titled "Taxes and Trusts Explained" was published on January 5, 2020 and runs 9 minutes.
January 5, 2020 ·9m · Elder Law Issues
0:00 / 0:00
Episode Description
Do you wish you could get the relationship between taxes and trusts explained? We’re here to help.
There are a number situations in which taxation of trusts can be confusing:
- You set up a revocable living trust. Do you have to file a tax return?
- Your trust became irrevocable — perhaps because of the death of the person (or one of the people) who set up the trust. Does the trustee have to file a tax return? Who pays the taxes?
- You are the beneficiary of a trust set up by someone else. Will money you receive from the trust be taxable income to you? How about property the trust distributes?
We can’t (and don’t try to) cover every variation, but in this week’s podcast episode we try to cover some of the key tax issues for trusts, trustees and beneficiaries.
Similar Episodes
No similar episodes found.
Similar Podcasts
Elder Law Issues Podcast
Elder Law Issues Podcast
Fleming & Curti, PLC, is a Tucson, Arizona law firm with an elder law focus. We discuss elder law issues, including legal problems facing those with special needs (and their families and professional advisers). Our practice is limited to Arizona law, and our podcast is not a substitute for specific legal advice.
Elder Law Today Podcast
Elder Law Today Podcast
Are you a senior citizen? Or perhaps you have a parent, relative, close friend or neighbor who is one. If so, then you won’t want to miss this important and informative podcast. Learn about elder law, a relatively new area of law, that encompasses the legal issues that acutely affect seniors and their families. Yale Hauptman, an elder law attorney, discusses the various problems and issues of aging in America today and interviews guests from other elder care fields.
Tax & Estate Planning Law
Barry Gardiner
Attorney Barry Gardiner discusses legal issues relating to estate planning, wills and trusts, federal taxation, elder law, and other corporate and business law topics, especially as they relate to people and businesses in New York and New Jersey.
Second Half of Life Podcast
Steinbacher, Goodall & Yurchak
This podcast explores the many issues and topics related to elder law - the wide range of legal matters affecting people in their second half of life and individuals with disabilities. Produced by Steinbacher, Goodall and Yurchak: Your elder care and special needs law firm, providing quality representation in litigation, with locations in Altoona, State College, Wilkes-Barre, Williamsport, Wyalusing and Wysox, Pa. Visit our website at PAElderCounsel.com.