Trusts & Estates
Income Taxation of Estates and Trusts
by Gregory Herman-Giddens, JD, LLM, TEP, CFP®, Samantha Reichle, JD and Katie H. Muhlenkamp, JD
Estate planning practitioners will find that a good working knowledge of fiduciary income taxation is vital in assisting personal representatives and trustees in the administration of estates and trusts. The current favorable estate tax laws mean that very few of clients need be concerned with transfer tax planning. However, fiduciary income tax will affect just about every estate and trust administration. Familiarity with these rules will enable you to better serve clients in the planning stage and when the estate plan inevitably “matures.”
This article will provide a brief overview of the basic rules from an administration standpoint.
Complete the form to get your free guide
Related Resources
2021 Tax Cheat Sheets for Clients and Prospects
Download our free tax filing cheat sheets to give to your clients and prospects.
Learn More
Irrevocable Trust Gifting Trust Sample
Download our Irrevocable Trust Gifting Trust Sample and see how Wealth Docx(R) makes drafting gift trusts simple.
Learn More
Tax Reform is Here: What You Need to Know to Advise Your Clients
The 2017 tax reform package is the most significant change to tax law in a generation. Find out what it means for estate planning and business clients in this in-depth thought paper.
Learn More