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  1. J

    Trust was Beneficiary of IRA, who pays tax on it?

    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...
  2. J

    acceptance of accounting form

    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...
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