M-MTax
Level 12

Get your taxes done using TurboTax

If the trust is a grantor trust, you can use an optional method of filing (rather than filing a 1041).

 

See https://www.irs.gov/instructions/i1041#en_US_2024_publink1000286018

 

Note that, in order to be effective, you will have to transfer title of your real estate holdings, bank accounts, brokerage accounts, et al, into the name of the trust.

 

You really do need to consult with local legal counsel with experience in wills, trusts, and estates prior to making any firm decisions.