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    1. A

      Trust U/W - Simple or Complex?

      I am not answering any more questions. I find them rude and condescending. Didn't anyone ever tell you that you should capitalize the first words of your sentences?
    2. A

      Trust U/W - Simple or Complex?

      I agree with you. Thank you. If the purpose for the trust is to set aside assets for descendants after you die, then I think it is often much less expensive to construct a Testamentary Trust versus writing and maintaining multiple stand-alone trusts for decades while a person is still alive. In...
    3. A

      Trust U/W - Simple or Complex?

      Yes, my wife's will created the Bypass Trust, aka a Credit Shelter Trust, or an A/B Trust, and is a type of Testamentary Trust. I have had lots of interaction with trusts over the years and know that it is VERY common in Texas and in Georgia (where I now live) for a trust to be created UW (under...
    4. A

      Trust U/W - Simple or Complex?

      principle vs. principal was a typo on my part. Yes, there are living descendants. My current attorney assures me that the trust is very well written and is solid. The original intent was simply to act as a bypass trust back when the maximum that could pass from a joint estate tax-free was...
    5. A

      Trust U/W - Simple or Complex?

      There is huge amount of additional detail in the Trust rules; far more than I can type here. I only typed in what the distribution rules are. The attorney who wrote this one of the most experienced in Dallas and he assured me that the liberal distribution rules did not have any of the liability...
    6. A

      Trust U/W - Simple or Complex?

      Your comment "just depending on what the Trustee is allowed", are you referring to what the state laws allow?
    7. A

      Trust U/W - Simple or Complex?

      OK, let me copy (re-type) the actual wording. quote * Section 5.01 Distributions of Income and Principle: The Trustee shall distribute to or apply for the benefit of my husband, and my surviving descendants, so much of the income and the principle of the Family Trust as the Trustee determines...
    8. A

      Trust U/W - Simple or Complex?

      Of course, the reason I need to flip it is that I made a mistake in prior years. I found out about the requirements of section 651 before posting my original questions. I realized that the provisions in the will did not REQUIRE distribution of all income, and that's why I posted my original...
    9. A

      Trust U/W - Simple or Complex?

      Thanks for the comments. That clears up a lot for me. I am only beginning to understand how unusual this Trust really is, and as you pointed out, how potentially vulnerable it is to outside forces. I wonder if there is any way to reduce that vulnerability?
    10. A

      Trust U/W - Simple or Complex?

      My wife passed away five years ago, and her will created a trust with me as the trustee. The Will allows me to distribute income, capital gains, and even corpus to myself for the rest of my life, as needed, to maintain my status of living at the same level as when she passed. Each year I have...

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