Federal Regulations Resources

→ Title 26—Internal Revenue Code

→ Subtitle A—Income Taxes

→ CHAPTER 1—NORMAL TAXES AND SURTAXES

→ Subchapter J—Estates, Trusts, Beneficiaries, and Decedents (sections 641 to 692)

→ PART I—ESTATES, TRUSTS, AND BENEFICIARIES (sections 641 to 685)

→ Subpart A—General Rules for Taxation of Estates and Trusts (sections 641 to 646)

→ Sec. 643. Definitions applicable to subparts A, B, C, and D

→ §643. Definitions applicable to subparts A, B, C, and D

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NOTICE: Legacy For All Trust (“LFA”) strongly encourages the purchasers of a Benson Trust Product to be mindful of all rules and regulations that apply and should be followed in structuring, implementing, and operating any of the various Benson Trust Products. Accordingly, LFA strongly urges each trustee and/or their authorized agent or representative to at all times be knowledgeable of, and compliant in all material respects with the provisions of Trust by: (1) not engaging in any type of fraudulent activity in connection with the administration of the Trust, (2) not taking any action in contravention to the Trust, local law, state law, and/or federal law, (3) timely filing an accurate income tax return with the Internal Revenue Service (and where required the filing of an accurate income tax return with all local and state governments), and (4) not understating income or overstating a deduction on an income tax return. By purchasing a Benson Trust Product, directly or indirectly, the purchaser agrees that he, she, it, is solely responsible for consulting with their own tax advisor as to the tax consequences associated with the income and principal distributions made from this trust and that you the purchaser assume sole responsibility, to the complete exclusion of LFA for the tax consequences resulting from the use of the Benson trust product including specifically with respect to income and principal distribution and IRC Section 643 treatment and application. The tax rules governing Non-Grantor, Irrevocable, Complex, Discretionary, Spendthrift Trusts are complex, change frequently, and depend on each individual taxpayer’s situation. By purchasing A Benson Trust Product, you the purchaser acknowledge that any tax liability or other tax consequences to you resulting from the establishment of this trust is solely your responsibility. Purchaser further acknowledges that he, she, or it, bears sole responsibility for the structure, implementation, and operation of any of the various Benson products purchased by you, directly or indirectly, and that you, to the express exclusion of LFA, shall bear sole responsibility for any adverse consequences for improperly structuring, implementing, and operating, a Benson Trust Product or otherwise improperly using a Benson Trust Product.

Copyright © 2024 Legacy For All Trust, LFA Trust, LFA Trusts - All Rights Reserved.