Irrevocable special needs trust exemption?
I have an irrevocable special needs trust set up by the mother for the daughter and daughter's brother is the trustee. Do these still have the 100 exemption. I believe they have to be a disability trust in order to have a higher exemption. All income not needed to assist in care of said child stays in trust. Am I thinking right. I did not think this could be treated as a grantor trust.