Originally Posted by
GeneralPurpose
If your trust is set up as such, then it would definitely be advisable to keep it updated. Understanding mis-matched paperwork, especially after the person who knows everything about it has died, would just be an obstacle that doesn't need to happen. However, if the Form 1/4 says "ndmiller trust", and the trust lists the people who are on the trust, then that should close the loop on who has access for legal purposes. As an example, my trust doesn't have a schedule because it isn't structured that way. I prefer that structure, because I don't have to coordinate documents. The Form 1/4 is the end of the story on who has legal access.
Thanks for the clarification, I see what you mean. I was reading the regulation you cited, so the double-tax thing wasn't making sense.
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