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My parents had a trust and their house wanritled in their
My parents had a trust and their house wanritled in their trust. My dad died and now my mom would like to sell her house and move to a smaller place but is concerned about capital gain tax. 1. Does sh… read more
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My wife inherited a piece of rental property from a
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Before my husband died last week,we had set up a CA revocable trust for our 3 rentals in CA. I read online that a CA revocable trust for our community property receives a stepped up basis for both hal… read more
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My Stepfather passed away, leaving my mother as trustee in a
My Stepfather passed away, leaving my mother as trustee in a joint living trust. She has lived in their home for 27 years and shared the bills including mortgage. She is going to sell the house and us… read more
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My Mothers home just sold she passed in "09" - my Nephew has
My Mothers home just sold she passed in "09" - my Nephew has been living there for free up to sale of the home - a Trust was provided which divides the money between 4 ea. siblings - one has passed bu… read more
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Lev. Couple purchased a home (personal residence) in 1985.
Hi Lev. Couple purchased a home (personal residence) in 1985. Husband passes away in 1989. In 2009, home is put into a revocable trust. Wife now in 2016 is getting ready to sell the home. What is her … read more
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hello, I have a capital gain tax issue question, couple of
hello, I have a capital gain tax issue question, couple of months ago my mother gifted me a property that she had purchased it 30 years ago with my father for 130k, in 2011 my father passed away and t… read more
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H & W bought residence after second marriage (his kids, her
H & W bought residence after second marriage (his kids, her kids but no our kids). H dies in 1985 and leaves his 1/2 of residence to W, in Trust, "... to be held, administered and distributed as follo… read more
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If I currently have a grantor trust (revocable) and the current
If I currently have a grantor trust (revocable) and the current value of the estate is 6,000,000.00 and their are three beneficiaries , one of whom is my wife, under current estate tax exemption would… read more
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my parents have owned a home for 40 years. my father died
my parents have owned a home for 40 years. my father died 4 years ago. they had an A-B trust, but i never retitled the house. she now wants to sell. as the house hasn't appreciated much in the last fe… read more
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the other area I am trying to figure out is a little complicated
the other area I am trying to figure out is a little complicated and deals with some estate planning. Hus and Wife, wife passed and two trusts vs the orignal one. It this same RE were 100% allocated t… read more
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Greetings,My question is:Husband dies and wife takes
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In the tax law it states that prior to 2010 , the basis of
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This is a follow up to my previous question. My mother is
This is a follow up to my previous question. My mother is now in a nursing home and my wife and I are helping with her support. If I added my wife to the joint tenancy I now have with my mother, would… read more
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Tax liability on profit of sale of my house in California
The title for my house was in a Living Trust (A/B). My wife died in September 06 and I sold the house in January 07.I then purchsed a less expensive condo, the title of which remains in the same Trust… read more
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My Father in Law wishes to will his house to the two ...
My Father in Law wishes to will his house to the two children, Sue & John. Sue needs to be in a "Special Needs Trust". 1.) Will she incur any tax liability if the 50% portion of the house is willed to… read more
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