Jul 8, 2024
10:40:14am
PoolBoy Starter
1. My condolences on the passing of your father. 2. You do get a step-up..
in basis to the FMV at the time of his passing. The trust doesn't "own" property. The trustees hold legal title for the benefit of the beneficiaries, so there is no need to "transfer it to the trustees." 3. Sell it before any appreciation since death and there should be little to no capital gains.
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Originally posted on Jul 8, 2024 at 10:40:14am
Message modified by PoolBoy on Jul 8, 2024 at 10:41:17am
PoolBoy
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PoolBoy
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