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 Trust and Estate Forms CT Gov 2019

2019-2025 Form

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[Music] welcome my name is marty schenkman I'm joined by Christine pranic I'm gonna say the firm name right pkf o'connor davies yes I want to make sure I get all the initials right story so the topic of this video clip is some basics on trust income taxation it's almost kind of a contradictory title because I don't know if there's anything basic when you talk about trust income taxation trusts are ubiquitous and estate planning trust are ubiquitous and asset protection planning no matter what wealth level you have you should be using trust you don't want a minor child to inherit money and frankly why would you even give an adult child money outright if you can put in trust given a 50% divorce rate we all know the reasons for using trust so let's now focus on some of the income tax planning there's two broad categories if you will of trust or income tax purposes a grantor trust in which the income is taxed back to t

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