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We moved my mother's retirement assets into an irrevocable
we moved my mother's retirement assets into an irrevocable trust, except 130,000$ which we put in a SIPA Annuity. Would the 130,000 not be taxed since it was reinvested? Should I have received any inf… read more
Bill
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I was wondering if there' A tax consequence for transferring
a tax consequence for transferring stock from a trust to a joint brokerage account? One of the joint account holders is the trustee and beneficiary of the trust … read more
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IRS Tax Questions: 1. What happens to suspended capital
IRS Tax Questions: 1. What happens to suspended capital losses when someone dies and there is no estate return? Are they lost? Please provide IRS references and articles. 2. Please explain the rules f… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
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My mother, who had 2 trusts created for her by her parents.
My mother, who had 2 trusts created for her by her parents. passed away recently and left me with the stock from the two trusts. The bank that was co-trustee with my mother is about to transfer the st… read more
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Lane
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I just sold my business. The money was deposited in my bank
I just sold my business. The money was deposited in my bank yesterday. What type of investment/account can I put the money in to minimize the taxes? Any suggestions?… read more
Lane
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I am American citizen, widow, with savings with IRA and Roth
I am American citizen, widow, with savings with IRA and Roth IRA, when the probate ends I will also have some investments. I made a will and a revocable trust put as my only heirs daughter and son, I … read more
Lev
Lev
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Bachelor's Degree Equivalent
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I want to roll over an annuity account into a trust without
I want to roll over an annuity account into a trust without tax consequences, but my accountant told me that a trust cannot hold an IRA and the only tax free account I can roll the funds into would be… read more
Lane
Lane
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Doctoral Degree
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We have a variable annuity and want to change ownership to
We have a variable annuity and want to change ownership to a Medicaid Asset Protection Irrevocable Trust. The current owner is John Doe and the new owner would be John Doe Irrevocable Trust. This is a… read more
Lev
Lev
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Bachelor's Degree Equivalent
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If a person assigns his/her salary (and transfers the post-tax
If a person assigns his/her salary (and transfers the post-tax dollars) to a Family Limited Partnership, is the FLP subject to taxation again? If the transferred funds are used to (A) pay the premiums… read more
Lev
Lev
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Bachelor's Degree Equivalent
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need advice for current tax year regarding using irrevocable
need advice for current tax year regarding using irrevocable living trust proceeds to buy and improve real estate. do i need to declare this as personal income? I live in Idaho, late mother lived in c… read more
Lev
Lev
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Bachelor's Degree Equivalent
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My daughter is divorced but just recently reached a settlement
My daughter is divorced but just recently reached a settlement agreement. There is a Rabbi Trust that contains several different types of accounts (mutual funds, annuity, bank stock and a money market… read more
Jax Tax
Jax Tax
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Master's Degree
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My uncle has an irrevocable trust and it is taxed under his
My uncle has an irrevocable trust and it is taxed under his tax id # (social security number). He is the grantor, but I am the trustee. He opened up a bank account with this irrevocable trust under hi… read more
MequonCPA
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I will be inheriting a small amount of cash (under $100,000)
I will be inheriting a small amount of cash (under $100,000) from my stepmother who passed away earlier this year. Will I owe taxes on this money and if so, approximately how much? I live in Illinois.… read more
Bill
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Can variable annuities nullify the benefits of a credit ...
Can variable annuities nullify the benefits of a credit shelter trust???? A factor here is that when the annuitant dies, the assets must be sold, whereas without the annuities, the assets could be tra… read more
Bill
Bill
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An individual has an IRA worth approximately $500,000.00 at ...
An individual has an IRA worth approximately $500,000.00 at the date of their death, the beneficiary of the IRA is the decedents trust. The decedent's trust dictates the residue of the estate is to be… read more
MequonCPA
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Is there a tax liabiltiy when you transfer ownership ...
Is there a tax liabiltiy when you transfer ownership (parent) of an annuity from an individual to a irrevocable trust (son is trustee)? My mother owns an annuity and transferred it to a trust with mys… read more
Paul Taliefero
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Can an IRA of a deceased person be transferred into ...
Can an IRA of a deceased person be transferred into the survivor's trust without (or minimal tax) liability?… read more
Christopher Phelps
Christopher Phelps
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Many years ago I set up a Childrens Gift trust for my ...
Many years ago I set up a Childrens Gift trust for my children as part of an Married Couple ABC Living trust. The trust was funded with donations to my children in keeping with the 12k maximum per yea… read more
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