Simple Trust
Explore the essential elements of a simple trust and how it can simplify estate planning by distributing income to beneficiaries effectively.
How does a simple trust differ from other trusts?
A simple trust is distinct because it requires all generated income to be distributed to beneficiaries annually, rather than allowing income accumulation within the trust. This can be advantageous for those who want regular income distributions without the complications of reinvesting or withholding funds. A simple trust may help avoid the complexities associated with other trust structures like complex trusts, which may retain income or make distributions to charities.
