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Merlo
Merlo, Accountant
Category: Tax
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Experience:  25+ years tax consulting. Specializing in returns for US citizens living abroad
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Can I deduct the legal fees I paid to set up a trust to administer

Resolved Question:

Can I deduct the legal fees I paid to set up a trust to administer my assets in the event of my death?
Submitted: 7 years ago.
Category: Tax
Expert:  Merlo replied 7 years ago.

HelloCustomer

 

Legal fees are never deductible unless they are in connection with an income producing activity.

 

This is strictly a personal expense and is no different than legal fees you would pay to have a will drawn up, and they are not deductible for tax purposes.

 

If this was helpful please press the Accept button.

 

Thank youCustomer/p>

 

 

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