Administration Expense
Definition: Ordinary and necessary expenses of trust management that typically are allowable under irc section 212, such as fiduciary fees, accounting fees, and fees relating to maintaining trust property. Does not include costs incurred in creating a trust. Administration expenses for sham trusts would not be considered ordinary and necessary and should not be allowed as an irc section 162 or irc section 212 expense, but are non-deductible personal expenses.