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Get the free Form T-1 Statement of Eligibility under the Trust Indenture Act of 1939

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Section 1: 305B2 (APPLICATION FOR DESIGNATION OF A NEW TRUSTEE UNDER THE TRUST INDENTURE ACT)SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM T1 STATEMENT OF ELIGIBILITY UNDER THE TRUST
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Form T-1 statement is a document that provides information on foreign trust accounts.
US citizens, residents, and domestic corporations who have ownership in or receive income from a foreign trust are required to file Form T-1 statement.
Form T-1 statement can be filled out by providing details of the foreign trust such as the trustee's information, beneficiaries, and income received from the trust.
The purpose of Form T-1 statement is to report foreign trust accounts and prevent tax evasion through offshore accounts.
Information such as the name and address of the trust, details of the settlor, trustee, and beneficiaries, as well as income and distributions from the foreign trust must be reported on Form T-1 statement.
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