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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: "grantor trust"
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 Must Irrevocable Grantor Trust File Tax Return for House Sale?
0
By Harry Margolis
In Irrevocable Trusts
Posted February 18, 2022

Must Irrevocable Grantor Trust File Tax Return for House Sale?

Question: I sold my house in December 2020. It was the only thing in my irrevocable grantor trust. Do I have to file a 1041 for 2020? Response: Technically, yes. Practically, perhaps not. Either [...]

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 Will There Be Taxes Upon Liquidation of Irrevocable Trust After Grantor’s Death?
0
By Harry Margolis
In Irrevocable Trusts
Posted July 4, 2021

Will There Be Taxes Upon Liquidation of Irrevocable Trust After Grantor’s Death?

Question: My father-in-law set up an irrevocable trust which contains about $250,000 held in a non-IRA investment account. When he died in 2020, the funds were transferred to a bank account [...]

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  • Asset Protection (34)
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  • Estate and Gift Taxes (47)
  • Guardianship and Conservatorship (4)
  • Health Care Directives (12)
  • Irrevocable Trusts (40)
  • Long-Term Care Planning (155)
  • Non-Traditional Families (14)
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  • Pets (3)
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  • Probate (27)
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  • Retirement Plans (16)
  • Revocable Trusts (92)
  • Second Marriages (10)
  • Social Security (17)
  • Special Needs Planning (65)
  • Trustee (51)
  • Vacation Homes (3)
  • Wills (43)
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Harry Margolis book: The Baby Boomers Guide to Estate Planning

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Read Sample Chapters

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