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I shouldn't reply but....

Hire an expert now, take the son-in-law with to every meeting, and pay them both. Do not put the poor non-specialist kid in the position of asking someone else in the office for answers without compensation. It's tax season, it's their livelihood, they have no time for gratuitous questions.

The IRS pubs you are reading don't even cover the general rules, much less the exceptions. Estate and trust rules are almost exclusively ruled by court cases. I did this work for 20+ years, it is very brain draining. From your posts, you made a number of mistakes which are probably too late to remedy. The expert should have been hired up front to guide you through the process. Very few CPA's specialize in this area.

Anyone that tells you to distribute the corpus on the K-1 doesn't have a clue what the real answer is. Pay an expert, let the son-in-law get experience at your expense. It's the best gift you can give your daughter. He will retire young (46 for me) and it will avoid the lawsuit after you are gone.

All the best,

Lee
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