Trust beneficiaries usually pay taxes on distributions from a trust's income but not on distributions of the principal. Beneficiaries receive a K-1 tax form with details.

Schedule K-1 is an IRS tax form to report a beneficiary's income, credits, and deductions from a trust or estate. For trusts, distributions are taxable to the beneficiary, and the trust must file ...

Jeffrey Rolison filed a handwritten form naming his partner, Margret, the sole beneficiary of his work retirement account.

Only individuals who are named on the IRA beneficiary form (or named through the IRA custodial document if no beneficiary is named on the beneficiary form) can be designated beneficiaries. A trust ...

If a trust maker wishes to be the beneficiary of the trust they are forming but does not live in a jurisdiction that permits self-settled asset protection trusts, the trust maker can choose to ...

In addition, life insurance beneficiaries are completely separate from those in your will, so the two lists don't need to overlap, though they certainly can. A beneficiary can be a person, charity, ...

Trust funds allow you and your heirs to earn an annual income. Learn what a trust fund is, how to set one up, and the types of assets it can hold.

Tax consequences for beneficiaries is another aspect to consider when reviewing beneficiary forms. What is equal on a before-tax basis may be quite unequal on an after-tax basis if beneficiaries ...

Creditor protection for beneficiaries: Modern RLTs can include sophisticated sub-trust provisions that protect your children and other beneficiaries from creditors and divorcing spouses.