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:
Termination date is determinable from controlling document:
Document identifies both income and remainder beneficiaries:
Generally must use calendar tax year: