asked

My grandmother had a trust of 200 acres of land that was dissolved in December 2009 for fair market value. My siblings and I are the heirs. My father passed away in May 2009, and the trust lawyer suggests that if we put the proceeds in my father's estate instead of directly to us, we may not have to pay capital gains. Does this strategy work, and how does it affect the estate taxes and capital gains tax?

January 19th, 2024

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