Many trusts have served their purpose but remain active, exposing trustees and beneficiaries to unnecessary compliance obligations, administrative penalties and ongoing costs. Before recommending that a trust be terminated—or allowing it to remain dormant—it is essential to understand the legal, tax and administrative consequences.
This practical webinar will guide you through the complete process of deciding whether a trust should remain in existence or be terminated, while highlighting the common mistakes that can delay deregistration or result in unexpected tax consequences.
This webinar will cover the following:
