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Beneficiary Income Form

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How is income reported when the primary income beneficairy of a trust dies

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Instructions and help about Beneficiary Income

[Music] hi this is Stuart Albertson with Albertson and Davidson and we use this term abused trust beneficiary and we want to talk about what is an abused trust beneficiary we generally see two types of abuse trust beneficiaries in our practice we have those that we call vested trust beneficiaries and non-vested trust beneficiaries so let's talk about the vested type first in this case a beneficiary of a trust has a right to say 1 million dollars from a trust and is in the trust document nobody disagrees that they have the right to that 1 million dollars but for whatever reason the trustee refuses to make the distribution of the 1 million dollars to the beneficiary perhaps the trustee doesn't believe the beneficiary will make wise choices with the money that is theirs under the trust or maybe the trustee wants to use that money for themselves as they go forward in the trust administration or maybe the trustee just wants to be in the power position and give a sibling of t

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