Trusts and taxes

Forum|Forum|5 years ago
July 12, 2020
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My wife and I file seperately and are considering opening a trust. If we do, will we be forced to file Jointly?

Best answer by Anonymous_

@StanA wrote:

My wife and I file seperately and are considering opening a trust. If we do, will we be forced to file Jointly?

Not necessarily as it would be dependent on the terms of the trust or, more precisely, whether the trust was a joint trust. Typically, you would not have to file jointly, however.

Regardless, you should absolutely consult, in-person, with a legal and tax professional.

Anonymous_Answer

Level 15

@StanA wrote:

My wife and I file seperately and are considering opening a trust. If we do, will we be forced to file Jointly?

Not necessarily as it would be dependent on the terms of the trust or, more precisely, whether the trust was a joint trust. Typically, you would not have to file jointly, however.

Regardless, you should absolutely consult, in-person, with a legal and tax professional.