I am the successor trustee of an irrevocable trust. It was set up by my father and my mom is the beneficiary.
- How can I distribute the corpus of the trust, if needed, without it being taxible income to the beneficiary? I.e. how do I report this on the 1041 and/or the K-1 to my mom.
- What is the State for State Trust Law purposes? That of the trustee, the beneficiary, or the source of the original trust instrument? Any help or pointers to reference material would be greatly appreciated. Will