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Answers to your estate planning questions so you can take care of your family and yourself. Answers to your estate planning questions so you can take care of your family and yourself. Answers to your estate planning questions so you can take care of your family and yourself.
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Archives

Tag Archives for: "estate income tax"
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 Are Capital Gains Taxed to the Estate or the Heirs?
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By Harry Margolis
In Probate
Posted December 16, 2024

Are Capital Gains Taxed to the Estate or the Heirs?

Question: My father died in 2022. I was named the personal representative of his estate and sold his stock in his investment account in 2024 before distributing the proceeds to all my siblings. [...]

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 Should Tax on Capital Gains be Paid by the Estate or by the Heirs?
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By Harry Margolis
In Probate
Posted March 29, 2024

Should Tax on Capital Gains be Paid by the Estate or by the Heirs?

Question: My father died in 1988. There were unclaimed funds in New York which were in the form of stocks. Of course, over 36 years the stock appreciated a lot so there will be capital gains. The [...]

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 Must Estate Distribution Be Reported on 1041 Income Tax Return?
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By Harry Margolis
In Probate
Posted March 13, 2024

Must Estate Distribution Be Reported on 1041 Income Tax Return?

Question: I am starting a 1041 for my Mom’s estate and had a question about distributions. My sister acquired my Mom’s share of the house they both owned and lived in together. Is my [...]

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 Should Estate Reimburse Beneficiaries for Income Taxes Incurred?
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By Harry Margolis
In Probate
Posted March 24, 2020

Should Estate Reimburse Beneficiaries for Income Taxes Incurred?

Question: A distribution was made from the liquidation of an annuity in an estate in 2019. The estate income tax rate is 35.7% and  and the beneficiary who received the distribution and therefore [...]

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Wondering if a trust makes sense for you?

This comprehensive guide provides all you need to know (in plain English).

Harry Margolis book: The Baby Boomers Guide to Estate Planning

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(An Amazon Prime Reading selection)

Read Sample Chapters

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