Welcome back! Ask questions, get answers, and join our large community of tax professionals.
cancel
Showing results for 
Search instead for 
Did you mean: 

Should expenses for Special Needs Trust be paid from income or principal?

Highlighted
Level 1
 
Labels (1)
0 Cheers
1 Solution

Accepted Solutions
Highlighted
Level 15

I think you would want to start with the income side of things.

ex-AllStar, ex-Lutefisk taste taster, ex-ACME product tester
and ex marks the spot where those rocks and anvils hit me.

View solution in original post

0 Cheers
3 Replies 3
Highlighted
Level 8
Do you mean expenditures for the benefit of the disabled person, such as rent or food?  Or expenses of admin such as Trustee fee?
0 Cheers
Highlighted
Level 15

I think you would want to start with the income side of things.

ex-AllStar, ex-Lutefisk taste taster, ex-ACME product tester
and ex marks the spot where those rocks and anvils hit me.

View solution in original post

0 Cheers
Highlighted
Level 15

What does the trust document say?


ex-AllStar
0 Cheers