ue.22. Complete the following chart, indicating the comparative attributes of the typical trust and estate by answering yes/ no or explaining the differences between the entities where appropriate. Attribute estate Trust Separate income tax entity ------ ------ Controlling document -------- ------ Can have both income and remainder beneficiaries ------- ------ Computes entity accounting income before determining entity taxable income ------- ------- Legal owner of assets under fiduciarys control -------- ------- Document identifies both income and remainder beneficiaries -------- ------- Separate share rules apply --------- -------- Generally must use calendar tax-year