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of 8821/2848’s›Example:›Trust Applicants

Definitions

Internal Revenue Manual Part 21. Customer Account Services · 2026-10-03 edition · updated 2026-10-04 · United States

The following are some definitions that clarify trust entities:

Fiduciary - a trustee of a trust or executor, executrix, administrator, administratrix, personal representative, or person in possession of property of a decedent's estate.

Beneficiary- a person designated as the recipient of funds or other property under a trust or an estate.

Corpus - The principal sum or capital of a trust or an estate, as distinguished from interest or income.

Maker, Grantor, etc. - The person/organization that originated the trust or which has control over the trust.

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▸Contents — Internal Revenue Manual Part 21. Customer Account Services
Internal Revenue Manual Part 21. Customer Account Services

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