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Income and Fiduciary Tax Issues for Trust and Estate Planners, Part 1

October 11, 2022 @ 12:00 pm - 1:00 pm

Understanding fiduciary income taxation – the taxation of grantor and non-grantor trusts, complex and simple trusts – is essential to trust planning.  It impacts the type of trust chosen, how it’s structured and administered.  Recently changes to federal tax law have added to the complexity of fiduciary income taxation.  The tax treatment of trust income and accounting for distributions and expenses varies depending on the type of trust involved and how “Distributable Net Income” is allocated.This program will provide you with a real-world guide to the essential rules, timeframes, planning techniques and traps of the taxation of trusts.

Handout Materials will be emailed to you prior to the seminar
1.0 MCLE Credit Hour


  • How fiduciary and income tax planning differ from each other
  • Planning for fiduciary taxation v. planning for individual and corporate tax purposes
  • Types of trusts – simple, complex, grantor – and differing tax rules for each
  • Treatment of “Distributable Net Income”
  • Understanding “Trust Accounting Income,” and impact of Prudent Investor Rule


Jeremiah W. Doyle, IV, BNY Mellon Wealth Management – Boston, Massachusetts