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I was just on line with you asking about informing

beneficiaries and asked if a...
I was just on line with you asking about informing beneficiaries and asked if a K-1 form is what you recommended. We got cut off. Could you please just answer that last question?
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Answered in 1 minute by:
3/8/2018
Law Educator, Esq.
Category: Estate Law
Satisfied Customers: 123,280
Experience: Experienced in Trust and Succession Law, including Louisiana Laws
Verified

Thank you for your new question.

Here is the link to some sample financial statements for trust accounts and explanations on how to file them: http://www.dummies.com/personal-finance/estate-planning/how-to-produce-annual-trust-accounts/

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Sorry, the K-1 is just like a 1099, that is given to each beneficiary at the end of the year for taxes to show only that beneficiaries income from the trust. But the accounting forms for the trust are at the above link.

Law Educator, Esq.
Category: Estate Law
Satisfied Customers: 123,280
Experience: Experienced in Trust and Succession Law, including Louisiana Laws
Verified
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