justasking Posted November 19, 2014 Share Posted November 19, 2014 What are your opinions on having a trust vs. not having a trust? Is there more tax advantages to having a trust, is it better for a fiduciary to have a trust? Link to comment Share on other sites More sharing options...
Flyboyjohn Posted November 20, 2014 Share Posted November 20, 2014 My opinion- no trust ever, creates unnecessary complexities, liability and expense (CPA audit). Only possible exception- if significant pre-funding of deductible contributions desired (subject to 419 limitations). Scary thing I see too often is unfunded health plans (no trust) filing a Schedule H to report the "plan" bank account and paying a CPA to "audit" the bank account. justasking 1 Link to comment Share on other sites More sharing options...
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