Cain and Abel: The Fiduciary Income Tax Consequences of a Right of Occupancy

By Terence S. Nunan and Marlena M. Moore

Cain and Abel are brothers. Several years ago, their grandfather established an irrevocable trust that provided for distributions to Cain and Abel at the trustee’s discretion. Adam, the father of Cain and Abel, was named trustee of the trust. The trust assets include a house in Malibu overlooking the Pacific Ocean worth over $15 million and over $20 million in stocks and bonds.

Artwork of Cain and Able

Artwork of Cain and Able


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