[WSBAPT] Treatment of income earned prior to funding family trust

[jeffrey winter]

Listmates,

H & W had a RLT that owned substantial investments.  On the death of H,
the trust was split into a survivor's trust (under W's SSN) and a Family
Trust (under a new EIN).

Several months passed between the date of death and the funding of the
Family Trust.

The investment firm has reported income under the decedent's personal SSN
that was earned after H's death, but prior to the funding of the Family
Trust.

What is the normal treatment for accounting for such income that is earned
prior to the funding of an irrevocable family trust?  (The family trust
calls for income to be paid to the surviving spouse.)



Jeffrey D. Winter

Law Office of Jeffrey D. Winter, P.S.
604 North Main Street
Ellensburg, WA 98926
(509) 925-9600 tel.
(509) 925-9606 fax


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