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If I am the beneficiary for my mom's life insurance and have
If I am the beneficiary for my mom's life insurance and have been directed to distribute funds to my siblings, how does this effect my not yet discharged bankruptcy? She is also a dependent living in … read more
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What is the fee? My mother passed away in February of this
My mother passed away in February of this year. She had $34,000 in a simple or traditional IRA. Her living trust is the beneficiary. I have had the money trans from the IRA to the Trust account at the bank. I am dispersing the funds evenly to me and my brother. I am the trustee. There are no other assets or property at all. If the money goes into the trust account and is dispersed evenly to my brother and I, where are the taxes paid? I have heard the trust will not be responsible for any taxes since the money went in and went out. I have also heard that the taxes will be paid by my brother and myself at our current tax rate only on the money that we each received. Is that correct? … read more
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I am the trustee of my mother's trust. There are three of us
I am the trustee of my mother's trust. There are three of us who inherited my mothers condo when she dies in 2017. We sold the property in 2018 and split the proceeds three ways. I received a copy of … read more
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My mom passed away in June and my sisters and I each
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I am selling my deceased mother's home as the trustee. My 3
I am selling my deceased mother's home as the trustee. My 3 siblings are successor trustees. Per California form 593-C, my mother lived in her home for 2 years within the 5 year period prior to the sa… read more
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My parents have IRA accounts with Merrill Lynch. My mom
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Mother-in-law's brother has no family except 8 siblings. He
Mother-in-law's brother has no family except 8 siblings. He has a significant portfolio, all in stocks, which he will be leaving to his siblings. Since my mother-in-law is in hospice, he is concerned … read more
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Hello, When it comes to the sale of a mutual fund, at what
Hello, When it comes to the sale of a mutual fund, at what percentage will it be taxed, please? Thank you, Kim… read more
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My Mother who was 84 passed away in April of 2013. She had
My Mother who was 84 passed away in April of 2013. She had a decent size portfolio/investment of about $2 million with a Bank in London while she was alive. This investment was passed over to her by m… read more
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I RESIDE IN WASHINGTON STATE. MY FATHER DIED IN NOV 2006 LEAVING
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We are selling a property overseas and will like to transfer
Mother selling a property overseas and will like to transfer and wire $720 K to the USA, out of this amount , about $300K will be send first by June and then by January 2011 the balance of $420K .The … read more
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Hello. My parents had a revocable trust which had iras in it.
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I will be inheriting a small amount of cash (under $100,000)
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I paid a lump settlement to my wife of $200,000 that was transferred
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I am Trustee of a Family Trust (under $2,000,000). I am under
I am Trustee of a Family Trust (under $2,000,000). I am under pressure to liquidate a stock portfolio worth approximately $600k and make distributions. What is the best way to go about this, what are … read more
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My sibling and I have inherited an irrevocable trust from ...
My sibling and I have inherited an irrevocable trust from our father who passes away 8 years ago. It was a propert which is presently being sold for 1,200,000 less mortgage, etc...the property has bee… read more
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Five years ago my sister convinced my mother to take ...
Five years ago my sister convinced my mother to take her home out of her trust and gift it over to her. My mother is still alive, she's 88 and lives in the house with my disabled brother who is on SSD… read more
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My father passed away in april 0f 2005. The estate tax ...
My father passed away in april 0f 2005. The estate tax return was done and the money from the estate remained in a trust. In 2006 my siblings and I liquidated the trust and spit the proceeds. I realiz… read more
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