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Recent content by SSS

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    How is trust "income" defined?

    What is the name of your state (only U.S. law)? NH or MA I live in NH but am putting together an annual accounting for an irrevocable trust established in the state of MA. According to the terms of the trust, "income" but not principal can be distributed. This should be obvious but I want to...
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    Estate Trust Income Tax

    What is the name of your state (only U.S. law)? NH I have a question about an irrevocable trust that was established in the state of MA. The grantor lives in MA, and, while living, is the sole beneficiary of the the income of the trust. Income is distributed to the beneficiary at the discretion...

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