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Living Will Trustees

November 17th, 2010 admin Leave a comment Go to comments




living will trustees
My grandmom live a house for me under living trust after she passed away. How could I save captial gain tax?

Do I convert the title first before selling it? (how’s the tax base calculation?) Or should I sell it under the trust? Which my aunts are the trustees? Which tax base for the house will be higher so that I can pay less capital gain. Thanks.
Also my aunt is getting Federal Supplemental Security Income (SSI). She has no money interest (not a beneficiary) with the living trust. Does it hurt her SSI Status from being a trustee? Thanks.

Certain inheritance is not taxable. Did it go to probate and have death taxes paid on it already? The trust should have said what percentage the executor gets, on SSI you are allowed to make a certain amount each year and not get hurt. You need to consult a financial advisor I think…

Trial and Heirs, Wills, Jimi Hendrix, Probate Lawyer


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