[et_pb_section fb_built=”1″ custom_padding_last_edited=”on|phone” _builder_version=”4.22.1″ _module_preset=”default” background_color=”#000000″ custom_padding=”20px||20px||true|false” custom_padding_tablet=”0px||0px||true|false” custom_padding_phone=”0px||0px||true|false” locked=”off” global_colors_info=”{}”][et_pb_row _builder_version=”4.22.1″ _module_preset=”default” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.22.1″ _module_preset=”default” global_colors_info=”{}”][et_pb_text _builder_version=”4.22.1″ _dynamic_attributes=”content” _module_preset=”default” text_font=”Abyssinica SIL||||||||” text_text_color=”#FFFFFF” text_font_size=”64px” text_line_height=”64px” text_orientation=”center” animation_style=”slide” animation_direction=”top” text_font_size_tablet=”42px” text_font_size_phone=”32px” text_font_size_last_edited=”on|tablet” text_line_height_tablet=”42px” text_line_height_phone=”32px” text_line_height_last_edited=”on|phone” global_colors_info=”{}”]@ET-DC@eyJkeW5hbWljIjp0cnVlLCJjb250ZW50IjoicG9zdF90aXRsZSIsInNldHRpbmdzIjp7ImJlZm9yZSI6IiIsImFmdGVyIjoiIn19@[/et_pb_text][/et_pb_column][/et_pb_row][/et_pb_section][et_pb_section fb_built=”1″ custom_padding_last_edited=”on|phone” _builder_version=”4.22.1″ _module_preset=”default” custom_padding_tablet=”0px||0px||true|false” custom_padding_phone=”0px||0px||true|false” locked=”off” global_colors_info=”{}”][et_pb_row _builder_version=”4.22.1″ _module_preset=”default” custom_padding=”||0px||false|false” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.22.1″ _module_preset=”default” global_colors_info=”{}”][et_pb_text _builder_version=”4.22.1″ _module_preset=”default” header_font=”Roboto Condensed|||on|||||” header_text_align=”left” header_text_color=”#b39b7e” header_font_size=”40px” header_line_height=”40px” custom_margin=”||5px||false|false” animation_style=”slide” animation_direction=”top” header_font_size_tablet=”36px” header_font_size_phone=”26px” header_font_size_last_edited=”on|phone” global_colors_info=”{}”]

FREQUENTLY ASKED QUESTIONS

[/et_pb_text][/et_pb_column][/et_pb_row][et_pb_row column_structure=”1_2,1_2″ custom_padding_last_edited=”on|phone” _builder_version=”4.22.1″ _module_preset=”default” custom_padding_tablet=”0px||||false|false” custom_padding_phone=”||||false|false” global_colors_info=”{}”][et_pb_column type=”1_2″ _builder_version=”4.22.1″ _module_preset=”default” animation_style=”slide” animation_direction=”left” global_colors_info=”{}”][et_pb_blurb title=”Is there a Min/Max salary range that a Trustee or Compliance Overseer is paid?” content_max_width=”100%” _builder_version=”4.22.1″ _module_preset=”default” header_font=”Roboto Condensed||||||||” header_text_color=”#000000″ header_font_size=”24px” header_line_height=”26px” body_font=”Roboto Condensed||||||||” body_text_color=”#333333″ body_font_size=”16px” body_line_height=”24px” header_font_size_tablet=”28px” header_font_size_phone=”24px” header_font_size_last_edited=”on|phone” global_colors_info=”{}”]No[/et_pb_blurb][et_pb_blurb title=”When traveling to visit Trust Assets, does the Trust pay for a Beneficiaries travel accommodation? ” content_max_width=”100%” _builder_version=”4.22.1″ _module_preset=”default” header_font=”Roboto Condensed||||||||” header_text_color=”#000000″ header_font_size=”24px” header_line_height=”26px” body_font=”Roboto Condensed||||||||” body_text_color=”#333333″ body_font_size=”16px” body_line_height=”24px” header_font_size_tablet=”28px” header_font_size_phone=”24px” header_font_size_last_edited=”on|phone” locked=”off” global_colors_info=”{}”]Yes[/et_pb_blurb][/et_pb_column][et_pb_column type=”1_2″ _builder_version=”4.22.1″ _module_preset=”default” animation_style=”slide” animation_direction=”right” global_colors_info=”{}”][et_pb_image src=”https://trusttaxsolutions.com/wp-content/uploads/2023/10/onetrust-callout-faq.jpg” title_text=”Social,Media,social,Network,Concept.” _builder_version=”4.22.1″ _module_preset=”default” global_colors_info=”{}”][/et_pb_image][/et_pb_column][/et_pb_row][et_pb_row _builder_version=”4.22.1″ _module_preset=”default” animation_style=”slide” animation_direction=”bottom” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.22.1″ _module_preset=”default” global_colors_info=”{}”][et_pb_blurb title=”Is the Interest from Trust funds used for investments taxed if they are deposited back immediately back into a Trust bank account? ” content_max_width=”100%” _builder_version=”4.22.1″ _module_preset=”default” header_font=”Roboto Condensed||||||||” header_text_color=”#000000″ header_font_size=”24px” header_line_height=”26px” body_font=”Roboto Condensed||||||||” body_text_color=”#333333″ body_font_size=”16px” body_line_height=”24px” header_font_size_tablet=”28px” header_font_size_phone=”24px” header_font_size_last_edited=”on|phone” locked=”off” global_colors_info=”{}”]Interest earned by trust corpus paid back to corpus is not income to the trust.[/et_pb_blurb][et_pb_blurb title=”Is a Trust owned Property or an Auto paid with Trust funds through a Trust bank account taxable once it leaves the Trust bank account? ” content_max_width=”100%” _builder_version=”4.22.1″ _module_preset=”default” header_font=”Roboto Condensed||||||||” header_text_color=”#000000″ header_font_size=”24px” header_line_height=”26px” body_font=”Roboto Condensed||||||||” body_text_color=”#333333″ body_font_size=”16px” body_line_height=”24px” header_font_size_tablet=”28px” header_font_size_phone=”24px” header_font_size_last_edited=”on|phone” locked=”off” global_colors_info=”{}”]No. But sales tax is paid on the purchase.[/et_pb_blurb][et_pb_blurb title=”Are Trust to Trust funds transfers or assets taxable? ” content_max_width=”100%” _builder_version=”4.22.1″ _module_preset=”default” header_font=”Roboto Condensed||||||||” header_text_color=”#000000″ header_font_size=”24px” header_line_height=”26px” body_font=”Roboto Condensed||||||||” body_text_color=”#333333″ body_font_size=”16px” body_line_height=”24px” header_font_size_tablet=”28px” header_font_size_phone=”24px” header_font_size_last_edited=”on|phone” locked=”off” global_colors_info=”{}”]No[/et_pb_blurb][et_pb_blurb title=”Can the Trustee or Compliance Overseer receive income from another Trust if they are not a Trustee or Compliance Overseer on the new trust if they initially gave funds to the new Trusts? ” content_max_width=”100%” _builder_version=”4.22.1″ _module_preset=”default” header_font=”Roboto Condensed||||||||” header_text_color=”#000000″ header_font_size=”24px” header_line_height=”26px” body_font=”Roboto Condensed||||||||” body_text_color=”#333333″ body_font_size=”16px” body_line_height=”24px” header_font_size_tablet=”28px” header_font_size_phone=”24px” header_font_size_last_edited=”on|phone” locked=”off” global_colors_info=”{}”]Yes[/et_pb_blurb][et_pb_blurb title=”Is it advisable for the Trustee or Compliance Overseer to have a Trust Credit/Debit Card?” content_max_width=”100%” _builder_version=”4.22.1″ _module_preset=”default” header_font=”Roboto Condensed||||||||” header_text_color=”#000000″ header_font_size=”24px” header_line_height=”26px” body_font=”Roboto Condensed||||||||” body_text_color=”#333333″ body_font_size=”16px” body_line_height=”24px” header_font_size_tablet=”28px” header_font_size_phone=”24px” header_font_size_last_edited=”on|phone” locked=”off” global_colors_info=”{}”]Yes[/et_pb_blurb][et_pb_blurb title=”Is there a form for removing Trust Assets? ” content_max_width=”100%” _builder_version=”4.22.1″ _module_preset=”default” header_font=”Roboto Condensed||||||||” header_text_color=”#000000″ header_font_size=”24px” header_line_height=”26px” body_font=”Roboto Condensed||||||||” body_text_color=”#333333″ body_font_size=”16px” body_line_height=”24px” header_font_size_tablet=”28px” header_font_size_phone=”24px” header_font_size_last_edited=”on|phone” locked=”off” global_colors_info=”{}”]For real property there is a Quit Claim Deed or Auto Transfer or Sales Form otherwise no.[/et_pb_blurb][et_pb_blurb title=”Does a Compliance Overseer receive a salary/income from the Trust? ” content_max_width=”100%” _builder_version=”4.22.1″ _module_preset=”default” header_font=”Roboto Condensed||||||||” header_text_color=”#000000″ header_font_size=”24px” header_line_height=”26px” body_font=”Roboto Condensed||||||||” body_text_color=”#333333″ body_font_size=”16px” body_line_height=”24px” header_font_size_tablet=”28px” header_font_size_phone=”24px” header_font_size_last_edited=”on|phone” locked=”off” global_colors_info=”{}”]They may[/et_pb_blurb][et_pb_blurb title=”What is deemed an acceptable salary range for the Trustee(s)? ” content_max_width=”100%” _builder_version=”4.22.1″ _module_preset=”default” header_font=”Roboto Condensed||||||||” header_text_color=”#000000″ header_font_size=”24px” header_line_height=”26px” body_font=”Roboto Condensed||||||||” body_text_color=”#333333″ body_font_size=”16px” body_line_height=”24px” header_font_size_tablet=”28px” header_font_size_phone=”24px” header_font_size_last_edited=”on|phone” locked=”off” global_colors_info=”{}”]No upper limits[/et_pb_blurb][et_pb_blurb title=”Under what conditions should a notarized signature be used when signing Trust documents? ” content_max_width=”100%” _builder_version=”4.22.1″ _module_preset=”default” header_font=”Roboto Condensed||||||||” header_text_color=”#000000″ header_font_size=”24px” header_line_height=”26px” body_font=”Roboto Condensed||||||||” body_text_color=”#333333″ body_font_size=”16px” body_line_height=”24px” header_font_size_tablet=”28px” header_font_size_phone=”24px” header_font_size_last_edited=”on|phone” locked=”off” global_colors_info=”{}”]Only if required by receiving party.[/et_pb_blurb][et_pb_blurb title=”Can this Trust be legally used in all 50 states and overseas countries? ” content_max_width=”100%” _builder_version=”4.22.1″ _module_preset=”default” header_font=”Roboto Condensed||||||||” header_text_color=”#000000″ header_font_size=”24px” header_line_height=”26px” body_font=”Roboto Condensed||||||||” body_text_color=”#333333″ body_font_size=”16px” body_line_height=”24px” header_font_size_tablet=”28px” header_font_size_phone=”24px” header_font_size_last_edited=”on|phone” locked=”off” global_colors_info=”{}”]Yes[/et_pb_blurb][et_pb_blurb title=”What is the life of the Trust and who is responsible to renew it before it expires? ” content_max_width=”100%” _builder_version=”4.22.1″ _module_preset=”default” header_font=”Roboto Condensed||||||||” header_text_color=”#000000″ header_font_size=”24px” header_line_height=”26px” body_font=”Roboto Condensed||||||||” body_text_color=”#333333″ body_font_size=”16px” body_line_height=”24px” header_font_size_tablet=”28px” header_font_size_phone=”24px” header_font_size_last_edited=”on|phone” locked=”off” global_colors_info=”{}”]21 years and is renewed by the Trustee.[/et_pb_blurb][et_pb_blurb title=”What is the rule for a Trustee taking up residence in a Trust home, do they pay rent under the daytime /nighttime rule of 30% of the current rental value of the property?” content_max_width=”100%” _builder_version=”4.22.1″ _module_preset=”default” header_font=”Roboto Condensed||||||||” header_text_color=”#000000″ header_font_size=”24px” header_line_height=”26px” body_font=”Roboto Condensed||||||||” body_text_color=”#333333″ body_font_size=”16px” body_line_height=”24px” header_font_size_tablet=”28px” header_font_size_phone=”24px” header_font_size_last_edited=”on|phone” locked=”off” global_colors_info=”{}”]They declare income personally for a stated amount determined by the Trustee.[/et_pb_blurb][et_pb_blurb title=”Is this particular Trust free from Probate and Estate Taxes?” content_max_width=”100%” _builder_version=”4.22.1″ _module_preset=”default” header_font=”Roboto Condensed||||||||” header_text_color=”#000000″ header_font_size=”24px” header_line_height=”26px” body_font=”Roboto Condensed||||||||” body_text_color=”#333333″ body_font_size=”16px” body_line_height=”24px” header_font_size_tablet=”28px” header_font_size_phone=”24px” header_font_size_last_edited=”on|phone” locked=”off” global_colors_info=”{}”]Yes[/et_pb_blurb][/et_pb_column][/et_pb_row][et_pb_row column_structure=”1_2,1_2″ _builder_version=”4.22.1″ _module_preset=”default” global_colors_info=”{}”][et_pb_column type=”1_2″ _builder_version=”4.22.1″ _module_preset=”default” global_colors_info=”{}”][et_pb_button button_url=”@ET-DC@eyJkeW5hbWljIjp0cnVlLCJjb250ZW50IjoicG9zdF9saW5rX3VybF9wYWdlIiwic2V0dGluZ3MiOnsicG9zdF9pZCI6IjI0MSJ9fQ==@” button_text=”Previous FAQs ” button_alignment=”right” _builder_version=”4.22.1″ _dynamic_attributes=”button_url” _module_preset=”default” custom_button=”on” button_text_size=”15px” button_text_color=”#FFFFFF” button_bg_color=”#4a86ff” button_border_color=”#4A86FF” button_border_radius=”0px” button_font=”Roboto Condensed||||||||” button_use_icon=”off” custom_padding=”12px|50px|12px|50px|true|true” animation_style=”slide” animation_direction=”bottom” hover_enabled=”0″ locked=”off” global_colors_info=”{}” button_text_color__hover_enabled=”on|hover” button_bg_color__hover=”#014c85″ button_bg_color__hover_enabled=”on|hover” button_border_color__hover=”#014C85″ button_border_color__hover_enabled=”on|hover” button_text_color__hover=”#FFFFFF” sticky_enabled=”0″][/et_pb_button][/et_pb_column][et_pb_column type=”1_2″ _builder_version=”4.22.1″ _module_preset=”default” global_colors_info=”{}”][et_pb_button button_url=”@ET-DC@eyJkeW5hbWljIjp0cnVlLCJjb250ZW50IjoicG9zdF9saW5rX3VybF9wYWdlIiwic2V0dGluZ3MiOnsicG9zdF9pZCI6IjMxOCJ9fQ==@” button_text=” Read More FAQs” button_alignment=”left” _builder_version=”4.22.1″ _dynamic_attributes=”button_url” _module_preset=”default” custom_button=”on” button_text_size=”15px” button_text_color=”#FFFFFF” button_bg_color=”#4a86ff” button_border_color=”#4A86FF” button_border_radius=”0px” button_font=”Roboto Condensed||||||||” button_use_icon=”off” custom_padding=”12px|50px|12px|50px|true|true” animation_style=”slide” animation_direction=”bottom” hover_enabled=”0″ locked=”off” global_colors_info=”{}” button_text_color__hover_enabled=”on|hover” button_bg_color__hover=”#014c85″ button_bg_color__hover_enabled=”on|hover” button_border_color__hover=”#014C85″ button_border_color__hover_enabled=”on|hover” button_text_color__hover=”#FFFFFF” sticky_enabled=”0″][/et_pb_button][/et_pb_column][/et_pb_row][/et_pb_section]