MLchartDataset catalogue

Complex trust

Term · Law · MLC-T-LAW-001129

A type of trust that is not required to distribute all of its income annually to its beneficiaries. It may accumulate income, distribute principal, or make distributions to charitable organizations. Unlike a simple trust, a complex trust is subject to more intricate tax rules and reporting requirements under the Internal Revenue Code.

Table 1. Record
IdentifierMLC-T-LAW-001129
FieldLaw
Record as JSON 
{
  "id": "MLC-T-LAW-001129",
  "term": "Complex trust",
  "field": "Law",
  "definition": "A type of trust that is not required to distribute all of its income annually to its beneficiaries. It may accumulate income, distribute principal, or make distributions to charitable organizations. Unlike a simple trust, a complex trust is subject to more intricate tax rules and reporting requirements under the Internal Revenue Code.",
  "url": "https://mlchart.com/terminology/law/complex-trust/"
}

Record 963 of 5,441 in Law terminology (MLC-0107). Request the full dataset.