M-MTax
Level 15

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@user17683423020 wrote:

My advice is you can file the final Trust return to close them, and open just 1 Trust for 4 beneficiaries. 


Sorry, but that's poor advice. The beneficiaries (grandkids) may not now be similarly situated or may become dissimilarly situated in the future, Further, one trust for all four grandkids may not be what @csbarbero's mom envisioned (or were her wishes).

 

Although four trusts would be more of an administrative burden, that setup also provides more flexibility.