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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: "revocable trust taxation"
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 Are There Any Tax Benefits to My Wife and Me Putting Our House In Trust?
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By Harry Margolis
In Long-Term Care Planning, Probate, Revocable Trusts
Posted July 19, 2024

Are There Any Tax Benefits to My Wife and Me Putting Our House In Trust?

Question: My wife and I jointly own our residence as tenants by the entirety. I have two adult children and grandchildren from my first marriage and two adult children and grandchildren from my [...]

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 Is the Dissolution of a Revocable Trust a Taxable Event?
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By Harry Margolis
In Revocable Trusts
Posted June 28, 2024

Is the Dissolution of a Revocable Trust a Taxable Event?

Question: I have a revocable trust that I’m planning to dissolve, disbursing the funds to myself and wife as we decide. In past distributions, capital gains, dividends, interest have passed [...]

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 Will Appointment of Trustee Cause Taxation of Trust in Their State?
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By Harry Margolis
In Revocable Trusts
Posted February 16, 2024

Will Appointment of Trustee Cause Taxation of Trust in Their State?

Question: The online trust services I have contacted (LegalZoom, Trust & Will) include standard recitations that the overseas grantor lives in a US state with no option not to select one. I [...]

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 Can I Report Income From My Revocable Trust on My Personal Tax Return?
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By Harry Margolis
In Revocable Trusts
Posted April 12, 2023

Can I Report Income From My Revocable Trust on My Personal Tax Return?

Question: I have a rental property that I want to put into a revocable trust. For tax purposes, can the rental income and expenses still be reported as me and not the trust? Response: Yes. As [...]

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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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