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My aunt passed away in. She had several annuities that were
My aunt passed away in Virginia. She had several annuities that were left to myself and 6 other cousins. How much do I withhold for federal taxes? How much do I withhold for state? … read more
Lev
Lev
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Bachelor's Degree Equivalent
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Suppose hypothetically that a revocable trust sells a lot
Suppose hypothetically that a revocable trust sells a lot for more than $500,000. Per the testamentary declarations in the trust by the trustor, now deceased, the proceeds of the sale, after capital g… read more
Lev
Lev
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My wife's mother was the beneficiary of an irrevocable
My wife's mother was the beneficiary of an irrevocable trust. That trust was set up by my wife's mother's mother in her will. Confusing huh? My wife's grandmother established a trust in her will for m… read more
emc011075
emc011075
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Can a revocable trust, after both Trustees have passed....co
For ***** *****" can a revocable trust, after both Trustees have passed....co trustee also the beneficiary of decedents estate.....can the current trust with Real Estate deeded to Trust....can I the C… read more
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Robin, I have a NEW client that I need help with. Married
Hi Robin,I have a NEW client that I need help with.Married couple who resided in FL for 2015 and who had a Revocable Living Trust before the spouse (Trustee) died on 08/10/15. The Revocable Living Tru… read more
Jonathan Tierney
Jonathan Tierney
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In mid 1955 my aunt and uncle bought a home as tenants by the
In mid 1955 my aunt and uncle bought a home as tenants by the entirety for around $10,000. In 2013 they transferred the property to a revocable grantor trust with the two of them as joint beneficiarie… read more
Robin D.
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This is an income tax question. My wife is the executor and
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Lane
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Doctoral Degree
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My Mother passed away in May of 2015. Her trust received
My Mother passed away in May of 2015. Her trust received 206,000 from an annuity with 111,000 taxable and another 83,000 with 14,000 taxable. The money has been distributed evenly among 5 siblings. Ho… read more
Jonathan Tierney
Jonathan Tierney
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I need help with a botched transfer of IRA money. My mother
I need help with a botched transfer of IRA money. My mother passed away in April and had a small IRA with BofA for about $17K. There apparently was no designated beneficiary, so I used a Small Estate … read more
Lev
Lev
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MY MOM PASSED AWAY 5/12. SHE INHERITED AN IRA WHICH HAD ORIGINALLY
MY MOM PASSED AWAY 5/12. SHE INHERITED AN IRA WHICH HAD ORIGINALLY COME FROM A TAX DEFERED ANNUITY.WE WERE ADVISED TO MAKE THE BENIFICIATY OF THAT IRA HER IRREVOCABLE TRUST. WE ASSUMED THAT UPON HER D… read more
Thomas McJD
Thomas McJD
Doctoral Degree
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My mothers trust is valued at $350,000, $100,000 life insurance
My mother's trust is valued at $350,000, $100,000 life insurance and balance in mutual funds, bonds etc. What will the estate pay in federal taxes or how much do I hold until next year will I final a … read more
Arthur Rubin
Arthur Rubin
Doctoral Degree
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My father died almost 12 years ago. He had a trust and now
My father died almost 12 years ago. He had a trust and now that General Motors declared bankrupcy, I need to claim the loss on my tax return. My problem is that I don't know which date to put the valu… read more
RD
RD
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Master's Degree
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My Aunt passed away in California. She left me as executor
My Aunt passed away in California. She left me as executor and beneficiary of her house. I am selling the house and want to know if I have to pay taxes on them money I get from it. I live in Nevada. T… read more
Lev
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Bachelor's Degree Equivalent
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I am the beneficiary of a trust my aunt had with stock, bank
I am the beneficiary of a trust my aunt had with stock, bank accounts and mutual funds. The trustee sold the stock and put everything into the bank accounts. There is interest income, dividend income … read more
Bill
Bill
Master's Degree
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In Dec 2008, my aunt passed away. She had a will and revocable
In Dec 2008, my aunt passed away. She had a will and revocable trust. The trust consists of an IRA and money from the sale of her house. At the end of this year an estate tax return will be filed befo… read more
Merlo
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My Mom passed away 4 years ago, and left me about $200,000
My Mom passed away 4 years ago, and left me about $200,000 in a Roth Trust, split over 4 years. I am the sole beneficiary. I was told by the banker at the start that since I am not a spouse, that it w… read more
Lou
Lou
High School or GED
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subject income taxes and inherited IRA. Scenario Dad (widower)passed
subject: income taxes and inherited IRA. Scenario: Dad (widower)passed away in November, leaving me as sole trustee of estate revocable trust, approx worth 1 million, to share with my handicapped brot… read more
RD
RD
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Looking for 2nd opinion. (Renu V. previously answered) My ...
Looking for 2nd opinion. (Renu V. previously answered) My aunt passed away with her estate listed as the beneficiary of her IRA. My Mother is the executrix. There are 4 people and her church inheritin… read more
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Master's Degree
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