Notice of Liability Statement - Trustees. The example shows how to prepare a NOL statement for trustees of a decedent’s estate where the duly qualified executors or administrators have been discharged and they or others have been trustees. This case involves full liability for an unpaid deficiency of the transferor. The $22,100 income tax liability of the transferor estate is also the liability of the trust created under the will of the deceased as transferee of assets of his estate for a deficiency in income tax due from him or his estate for the tax year shown.