Ch45 Estate & Turst
Turst 成立必要的三種人 (1)settler (2)trustee (3)beneficiary
Remainderman (X) successor trustee (X)
Probate estate-> 指法院對will作確認之動作,
Rule against perpetuities limits
The rule against perpetuities limits the duration of a private trust to a life in being plus 21 years. This rule does apply to spendthrift trusts, totten trusts, and constructive trusts. Charitable trust –not subject to the rule against perpetuities.
Fiduciary of an estate
Ordinary and necessary administration exenses paid by the fiduciary of an estate are deductible on the fiduciary income tax return only if the estate tax deduction is waived for these expenses.
Deductible items :
(1)expenses of admininstering and settling the estate
(2)state inheritance or estate tax