Estates and Trusts Tax Forms and Instructions. Follow the Trust Terms: The trustee must strictly adhere to the instructions laid out in the trust document regarding the management and distribution of assets.In order to receive the automatic state extension, the estate or trust MUST fill in the "Federal Extension" circle on page 1 of Form D-407. Learn about the benefits of a living trust, how a trust differs from a will, and the steps you'll need to take to set up a living trust in North Carolina. I have a free and clear deed that is going to be transferred to my wife but I want a deed of trust attached to it showing my daughter as the Lein holder. (2) "Mortgagor" includes a grantor in a deed of trust and a conditional sales vendee. Let's say you are filling out a deposit slip for five checks relating to three separate clients. How to fill out the North Carolina Estate Settlement Form Instructions? If the trust is a qualified funeral trust ("QFT") for tax year 2023, fill in the circle on page 1 of Form D-407.