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My mother put all her assets into a living trust (house,
Second Opinion] My mother put all her assets into a living trust (house, personal belongings) and made me executor. I am now successor trustee and have sold her house. Do I owe tax on that money and w… read more
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My parents bought a home in 1969 for about 25,000 HE DIED IN
my parents bought a home in 1969 for about 25,000 HE DIED IN 2011 - MY MOTHER SOLD THE HOUSE IN 2020 FOR $600,000MY MOTHER PASSED AWAY A FEW WEEKS AGO EVERY SHE OWNED WENT INTO A TRUST.MY SISTER IS EX… read more
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Guess i've got 1 more unrelated? again, since it is your
hey lane it's me again......... guess i've got 1 more unrelated ? again, since it is your field.the back round is this: my deceased father left his estate in a family trust, in which my mother is exec… read more
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My mother passed 1/6/17. I am an only child and successor
My mother passed 1/6/17. I am an only child and successor trustee to the family trust and the exemption trust. I sold the property in May of 2017. The property that was sold was in the exemption trust… read more
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I am the executor of my mother's trust and would like to
I am the executor of my mother's trust and would like to understand the tax implications of 593-C withholding cert. (The property to be sold is in CA and I live in MA.)… read more
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My mother is 92 and she is in poor health. Whe has a trust
My mother is 92 and she is in poor health. Whe has a trust and I am the executor. When she passes away, how do I sell her house? I assume I get her a tax id and file a final tax return for my dad and … read more
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I think I need to fill out IRS 1310 to receive the refund on
I think I need to fill out IRS 1310 to receive the refund on my mother's final personal taxes. I am the successor trustee, but am not "court appointed" and am unsure how to complete the form, or even … read more
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if you owe inheritance tax and you wont have the money to
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Hi Lev, You answered a previous related question. I dont
Hi Lev, You answered a previous related question. I don't know how this site works and if you have that tracked. Here's the background. My mother passed away in July 2011. She had a revocable trust. M… read more
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My parents died, they had a trust. My 3 sisters and I were
My parents died, they had a trust. My 3 sisters and I were their beneficiaries and also co-trustees. My sister the executrix sold their home for 160,000. We each received a check for 49,000. What is m… read more
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This is an estate law /IRS Tax question. My dad died in 2003.
This is an estate law /IRS Tax question. My dad died in 2003. His will, which went through probate under Texas Law, set up a testamentary qualified Family Trust. The trustee placed and deeded an undev… read more
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My mother passed away in November 2008. She had a Living Trust
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My mother-in-law died 5 years ago, the house in question was
My mother-in-law died 5 years ago, the house in question was hers. My husband opened an estate, and after settling her estate he placed the house in a trust. My husband died 2 years ago, and I just so… read more
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Hello, Im the successor trustee of a trust set up by
Hello, I''m the successor trustee of a trust set up by my mother, who died in 2003. She had placed shares of a stock in her trust, and the shares have risen significantly in value since then. Can thes… read more
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My mother lives in OR and my father just passed away ...
My mother lives in OR and my father just passed away leaving everything to her which would be over 1 mil. with the house included. My parents had told my sister and I they were setting up trusts for u… 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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I am the Trustee of my mothers Living Trust. When ...
I am the Trustee of my mother's Living Trust. When she died last year, we had her house (personal residence, held in title of the trust) appraised for current market value by a licensed appraiser. Now… read more
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