For tax purposes, trusts are either filed as simple or complex. A simple trust must distribute all income to the beneficiaries, it cannot distribute principal, and it cannot make distributions to charities. A complex trust does one or more of the things that a simple trust cannot do: it can accumulate income, distribute principal, or make distributions to charity.
At Kiselstein Franckowiak Law Group we will guide you through the complex trust process in a clear and patient manner. Our attorneys are experts at navigating the tax intricacies and details that come with this type of trust.