Income Only Trust

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  • KBTS
    Senior Member
    • Nov 2005
    • 564

    #1

    Income Only Trust

    Client just called to let me know the family had set up an income only trust for their dad. He is in his 80's and they are trying to protect as much of his assets as possible. Client wanted to know if I would be interested/able to do the 1041 and state filing for the trust. I did a google search and found out a little information, but would like more. Anyone know of any good internet resources or other information on this? Thanks
  • S T
    Senior Member
    • Jun 2005
    • 5053

    #2
    Income Only Trust

    What State are you in or What state is your taxpayer in???

    Is this also referred to as "Miller Trust" and are you in Arkansas???

    Sandy

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    • KBTS
      Senior Member
      • Nov 2005
      • 564

      #3
      Income Only Trust

      Located in PA.

      I have seen the term Miller Trust used for this type of trust on several websites.

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