Visit performance for information about the performance numbers displayed above. Can an irrevocable trust for special needs pay for medical bills? The court may require the consent of all or some beneficiaries and the grantor. So, if the trust owns real estate, it gets to deduct those taxes. Old Colony Trust Co. v. Commissioner, 39 B.t.a. This example directs the widower to spend assets from each account in the following order. ","hasArticle":false,"_links":{"self":"https://dummies-api.dummies.com/v2/authors/9652"}}],"_links":{"self":"https://dummies-api.dummies.com/v2/books/282179"}},"collections":[],"articleAds":{"footerAd":"

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