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My father had a revocable trust that upon his death became
My father had a revocable trust that upon his death became irrevocable. I am the beneficiary and successor trustee. I was told I need to obtain an EIN for the trust but it looks as though I am creatin… read more
Carter McBride
Carter McBride
LLM
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Wow! hope you have some insight. grantor of irrevocable
wow! hope you have some insight. grantor of irrevocable trust passed away in decembe 2017. deferred annuities owned by trust redeemed , but payment not received until 2018 … read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
27,931 satisfied customers
G" Life insurance without a beneficiary (well there was but
Steve G" Life insurance without a beneficiary (well there was but both beneficiary died together) and there is a trust....when there is a claim placed on the policy and they policy pays out, does the … read more
Stephen G.
Stephen G.
Sr Financial & Tax Consultant
Bachelor's Degree
6,651 satisfied customers
Shawn, I just reviewed the question asked previously
Hi Shawn, I just reviewed the question asked previously regarding the "grantor" question in establishing tax i.d. for revocable lvg trust where grantor has passed. You stated it is o,k. to have the re… read more
Stephen G.
Stephen G.
Sr Financial & Tax Consultant
Bachelor's Degree
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Hi Lane, I 've been doing a lot of research but need your
Hi Lane, I 've been doing a lot of research but need your help. Here's the situation: 1. Parent owned and lived in home for decades until 9/2009. The home was part of the family trust, Parent was the … read more
Stephen G.
Stephen G.
Sr Financial & Tax Consultant
Bachelor's Degree
6,651 satisfied customers
Lane, I was chatting with you yesterday regarding write down
Lane, I was chatting with you yesterday regarding write down on the small mortage fund that I run. This is a new question. Most of my investors are family trusts, who give me the original trustors hus… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
13,791 satisfied customers
I registered two days ago, after receiving a helpful response
I registered two days ago, after receiving a helpful response to a tax law/estate question. I have another question. Client died on April 25, 2012, owning an IRA in a bank naming her revocable trust a… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
27,931 satisfied customers
I have a friend that her husband passed away and he had a life
I have a friend that her husband passed away and he had a life insurance policy in which she is the beneficiary. Her husband also had a revocable trust that he was the trustee and after he died his wi… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
27,931 satisfied customers
I am trustee of a trust established under the will of my grandfather.
I am trustee of a trust established under the will of my grandfather. The beneficiary of this trust is his wife until she re-marries (unlikely) or dies. Upon her death, what is the cost basis of secur… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
27,931 satisfied customers
I am the Trustee of my mothers Trust. Her main home remains
I am the Trustee of my mother's Trust. Her main home remains in the trust, and all other assets have been sold and divided between the two beneficiaries, i.e., my sister and me.What are the tax ramifi… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
27,931 satisfied customers
My client created a living trust( revocable) and recently died.
My client created a living trust( revocable) and recently died. The trust owned a majority interest in a limited partnership that owned a piece of real estate in Brooklyn, ny. My query is: section 754… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
27,931 satisfied customers
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
Self Employed
Master's Degree
1,164 satisfied customers
I have several questions I am the trustee of a revocable trust.
I have several questions I am the trustee of a revocable trust. I was given an ein number from the irs and was told it expires at the end of december.Does this mean that i have to disperse all monies … read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
27,931 satisfied customers
After the death of my father-in-law (everything held in family
"After the death of my father-in-law (everything held in family trust) we set up a disclaimer trust for part of the funds. My mother in law the remaining Trustee. My husband their son is the Successor… read more
Bill
Bill
Master's Degree
3,132 satisfied customers
Im the trustee of my uncles trust. He died and my attorney
I'm the trustee of my uncle's trust. He died and my attorney transferred ownership of home from the name of the trust to my name as the trustee of the trust. Now I've received a rather large supplemen… read more
Arthur Rubin
Arthur Rubin
Doctoral Degree
1,278 satisfied customers
My husband died in 2003 and I am the settler/trustee of our ...
My husband died in 2003 and I am the settler/trustee of our living trust. I am rolling over my deferred compensation into a qualified IRA and wish to take his life insurance from the money market acco… read more
Bill
Bill
Master's Degree
3,132 satisfied customers
my father in law passed away and left his IRA to the family ...
my father in law passed away and left his IRA to the family trust, which my daughter is beneficiary and I am the trustee, I am told that I must liquidate the assets and pay creditors, is this True? I … read more
Bill
Bill
Master's Degree
3,132 satisfied customers
My father passed away in 1985 in Pasadena, CA.. My Federal ...
My father passed away in 1985 in Pasadena, CA.. My Federal Judge sister was the Executor. She never showed me his Trust or Will which I requested sevcral times. She merely showed me that I was to rece… read more
Christopher Phelps
Christopher Phelps
Sole Practitioner
Master Degree
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