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My mother died in 2016; all of her assets were held in a
My mother died in 2016; all of her assets were held in a revocable grantor trust before she died and became irrevocable upon her death. At the time the trust was set up, the title of her real property… read more
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How to get date-of-death basis of revocable trust assets for
How to get date-of-death basis of revocable trust assets for successor trustees when successor trustees assume ownership of Trust assets after death of grantors? … read more
Lev
Lev
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I am trustee for a revocable living trust for the benefit of
I am trustee for a revocable living trust for the benefit of my disabled half brother. His father died last year and his stepmom asked me to become trustee - Grantors are his father and stepmom. The t… read more
DK_CPA
DK_CPA
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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
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I have a question about applying for an EIN for a trust. My
I have a question about applying for an EIN for a trust. My father had a revocable living trust and named me as the successor trustee. Dad died the week before last. I understand the trust has become … read more
Barbara
Barbara
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I need to file form 1041 for a living trust in the case
I need to file form 1041 for a living trust in the case where both grantors have become incapacitated although still alive. Their trust has passed to the successor trustee, my older brother and I had … read more
Lev
Lev
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My mother has a living trust. She is the grantor, currently the trustee and the only bene
My mother has a living trust. She is the grantor, currently the trustee and the only beneficiary. I am successor trustee. Mom has just gone into a nursing home. The trust provides a mechanism for her … read more
Richard
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In A- revocable trust, with assets under 2 million, and
In A-B revocable trust, with assets under 2 million, and first spouse has now died (both equal grantors and executors), are all assets in trust stepped up in basis, or must trust be divided as origina… read more
Lev
Lev
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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.
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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.
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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
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Rev Living Trust, "Grantor Trust". Taxpayer setup this trust
Rev Living Trust, "Grantor Trust". Taxpayer setup this trust in 2009. He died in 2011. 2012 all of his stock and bonds were sold. He has $60,000 capital gains and interest and dividend income. Attorne… read more
Lev
Lev
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Grandma(now deceased) sets up a Retirement Plan Trust holding
Grandma(now deceased) sets up a Retirement Plan Trust holding a couple of IRA's. It is a conduit trust to her grandchildren with the minimum distributions being paid out to 3 separate trusts for each … read more
Shane-CPA
Shane-CPA
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Grantor of "revocable" trust died, making the trust "irrevocable"
Grantor of "revocable" trust died, making the trust "irrevocable" ... that part I get.. successor trustee is also sole beneficiary of trust... when applying for a TIN, do we use "irrevocable trust" or… read more
Lev
Lev
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I am the Successor Trustee of a revocable trust my parents
I am the Successor Trustee of a revocable trust my parents established years ago. The surviving trustee died on 3/9/2012. There are stocks in the trust that must be sold in order to distribute funds t… read more
Lev
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I have a question about the filing of a 1041 tax return. I
I have a question about the filing of a 1041 tax return. I am the trustee of my father's trust. It was initially a revocable trust but then became irrevocable at his death in 2008. My sister and I are… read more
Stephen G.
Stephen G.
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Bachelor's Degree
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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
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Bachelor's Degree Equivalent
40,648 satisfied customers
In Jan 07, I acquired securities held in the name of the Lewis
In Jan '07, I acquired securities held in the name of the Lewis Trust at several financial firms,due to the death of my mother; I was named Co-Successor Trustee (along w/ my sister) We directed these … read more
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