Business Associations Outline:

Dec 28, 1999 · Under local law, Son is entitled to all S Corp. dividends received by the estate. Because of financial needs of Daughter 2, a partial distribution of the residue is made to her during the same fiscal year S Corp. pays a dividend in order to provide the estate with funds to pay the income taxes on the S Corp. K-1 income reportable by the estate. ................
................