Beneficial Trusts

Primary Residence/Rental Property Expenses

• Mortgage payments
• Utilities
• Property insurance
• Property taxes
• Repairs & maintenance
• Minors, Underage & Incapacitated Beneficiaries Food & Clothing

Automobiles, R.V.’s & Motorcycles

• Car payments
• Insurance payments
• Gas
• Repairs & Maintenance (tires, smog, car wash)
• Registration

Miscellaneous

• Legal Services
• Health insurance
• Wellness/alternative medicine
• Travel expenses
• Accounting & tax preparation
• Education & Training
• Postage
• Lease payments

Expenses if a Beneficial Trust has a Business Purpose

• Office supplies (includes computers and office equipment)
• Postage
• Subscriptions (includes web domains)
• Utilities
• Travel expenses
• Meals & Entertainment
• Repairs & Maintenance
• Office furniture & fixtures
• Supplies & materials
• Lease payments
• Advertising
• Professional Services
• Legal Services
• Health insurance
• Wellness/alternative medicine
• Fees, permits & services
• Telephone
• Bank and credit card fees
• Accounting & tax preparation
• Education & Training

Business Trusts

Business Expenses – Active business income through a business trust

• Office supplies (includes computers and office equipment)
• Postage
• Subscriptions (includes web domains)
• Utilities
• Travel expenses (flights, accommodation, car rental, parking fees, ride service)
• Meals & Entertainment
• Repairs & Maintenance
• Office furniture & fixtures?
• Supplies & materials
• Lease payments
• Advertising
• Professional Services
• Legal Services
• Health insurance
• Wellness
• Fees, permits & services
• Telephone
• Bank and credit card fees
• Accounting & tax preparation
• Education & Training
• Car payments
• Auto Insurance payments
• Gas
• Repairs & Maintenance (tires, smog, car wash)
• Registration