complex trust

Definition

A trust that can perform certain activities that a simple trust cannot, such as making tax deductible contributions to charities, retain trust income, and make tax deductible distributions to the trust's beneficiaries.

Use complex trust in a sentence

It was a complex trust and that meant that it did not behave like an ordinary trust and was much more complicated.

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The complex trust was chosen over the simple trust primarily for the tax advantages as it allowed us to be more flexible in our project.

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After my Mother passed away, I was able through a complex trust to distribute monies to her beneficiaries and also give to her favorite charity. The benefit to her trust is that I was able use these distributions and receicve a tax deduction

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complex capital structure compliance