Marital Trust - Income Not Wanted

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Marital Trust - Income Not Wanted

Post by NDAMERICA » Sun Feb 10, 2019 9:45 pm

OK, I'm managing the investments within a marital trust for an 80 year old widower who has 3 investments within the marital trust; a life insurance contract, land, and $225,000. Currently no income is generated so no tax return needs to be filed for the marital trust. Annual income would be a nuisance and would not cover the cost to file taxes. Widower does not rely on these assets in any way, and will not ever.

Should I just leave it in cash or is there a better idea?

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Re: Marital Trust - Income Not Wanted

Post by 123 » Sun Feb 10, 2019 10:11 pm

I'm not an expert but to not generate minimal income at least on cash would seem to me to be not acting in the best interest of the current or future trust beneficiary. CD's are easy and generate 2 - 3% or more. What is the purpose of the cash? Is a cash position held to maintain trust assets like property taxes/insurance/maintenance?
The closest helping hand is at the end of your own arm.

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Re: Marital Trust - Income Not Wanted

Post by Greenman72 » Sun Feb 10, 2019 10:40 pm

An Investment only variable annuity. Full market participation with zero taxable income.

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