Our family set up a revocable trust for my parents which became irrevocable when they both died. I am the Trustee and was living in the state, Virginia, in which they died, but I moved to Iowa within this last year. My sister and I are the only beneficiaries, and she lives in a different state altogether. The Trust was set up in Virginia. We are winding it down, and all that remains is several bank accounts. There is nothing left tying the Trust to Virginia since I am selling my house in Virginia. I assume I must change the address of the Trust, since its address was my home address.
Can I change the address of the Trust to my new address in Iowa? If so, should the date of this change be identical to the date I am using for my personal taxes? Can I have the address change take effect at the end of the year to simplify filing? The Virginia instructions state the fiscal year for the entity must match that given on the federal form. Is it possible to file a part year tax return for a Trust? I assume the Federal Trust form will be for the full year, but Virginia's tax form will show a partial year.
Thank you for any help on this.
