SIMPLE VS COMPLEX TRUST
CAN A TRUST CHANGE FROM A SIMPLE TO COMPLEX IF PROVISIONS FOR USE OF PART OF THE INCOME ARE ACTIVATED?
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bjHoO8rQiqllvkab8P4pmk
02/07/09 12:14pm PST
Viewed by asker 02/07/09 1:42pm PST
Viewed by asker 02/07/09 1:42pm PST
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PhoebeRoberts
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A complex trust is a trust that's not simple. A simple trust is one which must (per the trust language) distribute all of its income, and which didn't make any distributions from corpus (principal) during the year in question. It's not unusual for a trust that was simple in one year to be complex in another.
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