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Should I put all of the details that I would normally put in
Should I put all of the details that I would normally put in a will into my revocable grantor trust? … read more
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Bachelor's Degree Equivalent
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I am attempting to complete a tax return for a Revocable
Hello, I am attempting to complete a tax return for a Revocable Living Trust for 2020. I received a Summary Tax Statement from the broker, including a 1099-B and 1099-DIV.There are two co-trustees: a … read more
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I am hoping for assistance with tax related questions
Hello,I am hoping for assistance with tax related questions regarding a trust. My sisters and I are trustees for a property in a trust. We would like to make improvements to the property and will use … read more
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Same person again with California revocable living trust
Same person again with California revocable living trust currently living in South Dakota. I am a US permanent resident but may revoke it and my husband is a US citizen For context, our total estate i… read more
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Same person who previously talked to you about transferring
Same person who previously talked to you about transferring my share of home to husband.The trust document contains a will in which my husband said ' Property: I confirm to my wife her one-half intere… read more
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Same person who previously talked to you about transfer of
Same person who previously talked to you about transfer of half of home to husband.What would be the consequences of removing the house from the revocable living trust if my husband were then to pass … read more
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Tax. What are the tax reporting implications of amending a
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JeffS6413
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I am 61 years old, and my wife is 66 and are thinking about
I am 61 years old, and my wife is 66 and are thinking about protecting what little assets we have, and I would like to set up a trust for purposes of protecting my assets, and for investment purposes.… read more
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If I put my personal house into a trust, it's my residents
If I put my personal house into a trust, it's my residents that I'm living in, can I deduct the interest on my mortgage payments… read more
Chad EA, CDFA®, CFP®
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Jonathan Tierney" Looking over tax form 1041 and have
Jonathan Tierney" Looking over tax form 1041 and have several questions. This is for a revocable trust. According to the Attorney, the Trust was closed immediately after all distribution according to … read more
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If a Revocable Trust does not state whether or not the DNI
If a Revocable Trust does not state whether or not the DNI is required, does it default to being taxed on the 1041? The income is $11, 544 capital gains $17,000 dividends. There were distributions mad… read more
Lane
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Mom is alive but with dementia. Her house is in a trust and
Mom is alive but with dementia. Her house is in a trust and I just was given successor trustee rights so I can sell it to pay for her care. Question is, She lives in California in a care facility and … read more
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If I put my assets into a trust are they treated the same as
If I put my assets into a trust are they treated the same as personal income tax on a 1040? IE: capital gains, interest, dividends. or are they at a higher rate?… read more
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Can you explain why it is not feasible to name a trust as a
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My wife and i had a combined income of 250k a year, were saving
My wife and i had a combined income of 250k a year, were saving money, kids moved out, and life was good. i have become totally disabled due to MS 2 yrs ago and on SSD. my wife still work and makes 10… read more
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On 11/28/2005 my parents (grantors) created a revocable living
On 11/28/2005 my parents (grantors) created a revocable living trust that included assets of real property and investments. The value of this trust at creation did not exceed $500,000. On 1/9/2008 my … read more
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Why is it advisable to place your assets into a trust What
Why is it advisable to place your assets into a trust? What is a land trust, a revocable trust, and a irrevocable trust and what are the advantages and/or disadvantages of each of them?… read more
Lev
Lev
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Bachelor's Degree Equivalent
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I would like to set up what I have heard is called an ...
I would like to set up what I have heard is called an irrevocable trust account, in which I would like to deposit money at random intervals, and would like for a specified amount, to be disbursed to a… read more
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