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FINAL DRAFT 10/10/22 ×227111×2022 Schedule OF, Beneficiaries Share of Minnesota Taxable IncomeFiduciary: Complete and provide Schedule OF to each estate, trust, or nonresident individual beneficiary
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Beneficiary's share refers to the portion or percentage of assets or funds that a beneficiary is entitled to receive.
The executor or administrator of the estate is typically responsible for filing the beneficiary's share of assets.
To fill out the beneficiary's share form, you will need to provide details about the specific assets or funds being distributed and the percentage allocated to each beneficiary.
The purpose of documenting the beneficiary's share is to ensure that the assets are distributed correctly according to the terms of the will or estate plan.
The form may require details such as the name of the beneficiary, the assets they are entitled to, the percentage of the share, and any relevant tax information.
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