In this video, we will cover:
- Basics of Income Taxation of Estates and Non-Grantor Trusts
- Differences in the Income Tax Charitable Deduction for Individuals, of the One Site, and Estates and Trusts on the Other
- How the Income Tax Deduction for Estates and Trusts Works
- When it will be more efficient to Garner the Deduction from an Estate or Trust Rather than from an Individual
- The Dangers of seeking a Deduction for a Charitable Contribution by an Estate or Trust which has Imputed income from a pass Thru Investment
- Why you will want to Authorize Charitable Contribution in almost every trust you draft