Is it ok to finish a bypass trust the year after death of surviving spouse (income beneficiary)?
Surviving spouse (dad) passed away 9/10/2013.
I'm planning to allocate DNI 1/1-9/10 to dad and 9/11-12/31 to (daughter) beneficiary in the Trust 2013 1041 filing.
The trust was disbursed and terminated during Jan-Mar 2014.
I'm planning to file a 2014 1041, allocating all final income to daughter and disbursing all assets as well.
Is that ok?
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