What happens if a trustee fails to file an income tax return for a trust?
Of all the tasks that trustees are faced with during a trust administration, filing an income tax return for a trust is one of the most important.
Of all the tasks that trustees are faced with during a trust administration, filing an income tax return for a trust is one of the most important.
Being a trustee when a house is part of the trust means taking on more responsibilities. Talk with an attorney to get help taking care of trust.
An experienced attorney can help you make the best choice for your estate plan ensuring that you address out-of-pocket expenses for successor trustees.
If you are a trustee and the creator of the trust died you need to take action soon. Contact us if you need help in administering the trust.
At the very beginning of a trust administration, the trustee must provide notice of trust administration to certain parties.