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Old 07-02-2005, 03:44 AM
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Come and Get Some!
 
Join Date: Jun 2005
Location: kingdom of heaven
Posts: 1,576
Hmm...

Hmmm making it irrevocable by the trustee makes no sense and inures to no special favor as far as I see it. Irrevocability by the grantor and beneficiaries is a different story. Futhermore, do you name the beneficiaries of the trust? [Me thinks that the 'default beneficiary' is the SSA.]

The general concepts seem valid. Makes far more sense to send a NOTICE OF AMMENDMENT and then attach the AMENDED TRUST INDENTURE giving them thirty (30) days to respond, estoppel, reg. mail, etc.

How are you suggesting people fill out the 1041? How are payments made to the trustee handled? Or to the General Partner? Are you going to withhold on the General Partner as a foreign payment?
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