gloriah5200
Expert Alumni

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The trust generally has a higher tax rate than the individual beneficiary so it would use up the trust money faster and it wouldn't be there for you later.

 

You are at a lower tax rate and the beneficiary paying the taxes is a money-saver in the long run.

 

The trust agreement generally has rules and guidelines to follow distributions and taxation, etc.

 

:[Edited 04/05/2021|7:31 pm pst]

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