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COMMONWEALTH OF MASSACHUSETTS DEPARTMENT OF REVENUE DIVISION OF LOCAL SERVICES Property Tax Bureau Informational Guideline Release (IGOR) No. 91-209 July 1991 EXEMPTION ELIGIBILITY OF PROPERTY HELD

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What is property held in trust?

Property held in trust refers to assets or possessions held by a trustee on behalf of a beneficiary.

Who is required to file property held in trust?

The trustee is required to file property held in trust.

How to fill out property held in trust?

To fill out property held in trust, the trustee must provide details of the assets held, the beneficiaries, and any income or expenses related to the trust.

What is the purpose of property held in trust?

The purpose of property held in trust is to protect and manage assets for the benefit of the beneficiaries.

What information must be reported on property held in trust?

Information such as the assets held, the beneficiaries, income earned, and expenses incurred must be reported on property held in trust.

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