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rpowell0215
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Filing 1041. I am Trustee. Mom was grantor. My kids beneficiaries, payouts scheduled by ages. Q: “are any present or future trust beneficiaries skip persons”

 
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‎June 4, 2019 10:52 PM
last updated ‎June 04, 2019 10:52 PM
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tagteam
Level 15
Level 15

Filing 1041. I am Trustee. Mom was grantor. My kids beneficiaries, payouts scheduled by ages. Q: “are any present or future trust beneficiaries skip persons”

"“are any present or future trust beneficiaries skip persons”"

A grandchild is generally a skip person.

See https://www.irs.gov/instructions/i1041#idm140630130798992

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‎June 4, 2019 10:52 PM
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tagteam
Level 15
Level 15

Filing 1041. I am Trustee. Mom was grantor. My kids beneficiaries, payouts scheduled by ages. Q: “are any present or future trust beneficiaries skip persons”

"“are any present or future trust beneficiaries skip persons”"

A grandchild is generally a skip person.

See https://www.irs.gov/instructions/i1041#idm140630130798992

‎June 4, 2019 10:52 PM
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