Recent content by jim956

I came to this forum because I thought the people here wanted to help with questions that were not easily found. I'm sorry that we've wasted each others time. If it gives you pleasure to spit in my face, go right ahead, I won't be back to respond.

I've already asked my CPA, she doesn't know the answer and needs to do some research. I've had several Trust related questions where our Trust CPA and Trust attorney didn't know the answer. I've had to get the answers from the IRS.

I am trustee of my fathers Trust, he passed away in 2015. He had an IRA and the Trust was the beneficiary. When my dad passed away, I cashed the IRA out and deposited the money in the Trust and then distributed most of the Trust money to the 8 beneficiaries of the Trust. Does the Trust pay...

Your answer makes perfect sense. Thank-you

Thank-you for your reply, I think I was able to fix the link that wasn't working. I'm on good terms with all beneficiaries. Once an accounting approval is signed, can it be withdrawn at a later date or is it considered legally permanent?

Thank-you everyone. My Trust CPA said she would need to charge me as much as 8 thousand dollars to prepare the formal accounting. There would be other expenses to have it approved by the court, it would involve attorney fees and court fees, I haven't been able to find out how much those fees...

I'm hoping to avoid having to have a formal accounting done for my parents trust, I've heard they can be very expensive. If I (myself) put together a very thorough accounting and send it to all beneficiaries along with an Accepting of accounting letter for them to sign, will that protect me from...