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I have a client whose mother passed away in Nov. 2018. She
I have a client whose mother passed away in Nov. 2018. She had a living trust. I would like to ask general trust questions. … read more
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My mother recently passed away in County, Illinois. She had
My mother recently passed away in Cook County, Illinois. She had a pour over will and I am applying for the EIN for her trust. What type of trust should I label it? My most obvious choices are: Irrevo… read more
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I have a client who has inherited $91,000 through a
I have a client who has inherited $91,000 through a dissolved trust. The decedent passed away over 30 years ago. It began with his grandmother, then mother, both of wich has passed and now to him and … read more
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My mother in law set up a revocable living trust in 2009.
My mother in law set up a revocable living trust in 2009. She funded the trust with her house and nothing else. No income has ever been earned by the trust. … read more
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If I sell rental property in Nevada that I inherited from a
If I sell rental property in Nevada that I inherited from a trust my grandmother set up how much would I owe in taxes?… read more
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My mother died December 21, 1916. She had a trust set up and
My mother died December 21, 1916. She had a trust set up and I am sole trustee do I file her 2016 tax and how do I go about it?… read more
Lev
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New Client - this client's mom passed... New Client - this
New Client - this client's mom passed... New Client - this client's mom passed away and her doing the mom's taxes. The mom passed away on 11/22/15 and the mom has a series EE savings bonds that she ne… read more
Robin D.
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What taxes would my mother have to pay on the sale of her
What taxes would my mother have to pay on the sale of her house? It was purchased in 1955 for $13,500. My father passed away in 2002 and she is now living in assisted living and we don't know if it is… read more
Robin D.
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I have a client who has a question about his mother's trust.
I have a client who has a question about his mother's trust. All I know is that it is a revocable trust and he has power of attorney. His mothers house in the trust, and it is falling into disrepair. … read more
Lev
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My mother passed away on 02/05/2013. She had some annuities
My mother passed away on 02/05/2013. She had some annuities with 2 different insurance companies. We cashed out the annuities and invested in our (her son) retirement account. We received 1099-R forms… read more
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I have a client that inherited stock from her mothers irrevocable
I have a client that inherited stock from her mother's irrevocable trust at her death. The 1041 returns were filed as "complex" trust. My question is what basis should I use for my client's inherited … read more
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Lev
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My mother had her house in a living trust, it was specified
My mother had her house in a living trust, it was specified in the trust to go to me and my brother upon her death. My brother was specified as the beneficiary trustee. My mother passed away in Decemb… read more
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My parents put their home in seperate trusts in 1997. My mother
My parents put their home in seperate trusts in 1997. My mother passed away 1/1/2007. My father continued to live in the house until 8/1/2008. He had to go into a nursing home at that time. The house … read more
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My mother in law is 88 years old and she wants to give her
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My dad past away in 1992 he was intitled to a $600,000.00 ...
My dad past away in 1992 he was intitled to a $600,000.00 shelter on the trust. It was never put in there unclear why. My mother just past away in 2007. She has a two million trust shelter. If we cann… read more
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I am the trustee of my mothers property which was ...
I am the trustee of my mother's property which was purchased 30 years ago and is held in a trust. For tax purposes, is it better to sell it now while she is still alive or wait until after her death t… read more
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Me and my brother are currently the benefeciaries of a ...
Me and my brother are currently the benefeciaries of a trust fund which includes my mother's house - she is still alive. I wanted to know what taxes if any would have to be paid if we sold that house.… read more
Lev
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I am wondering if there is an advantage to having my
I am wondering if there is an advantage to having my name put on the title of the house I live in? The current owner is my 90 year old Mother and I'm wondering if it would make things easier in the fu… read more
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