I am the successor trustee for my mother's trust. She is 92 and resigned last year as trustee. To pay for some medical expenses, we sold a lot she owned last year, which lot she inherited in 1972. I am working on filing her tax return this year. Since she is still alive, the preparer will file...
I recently had a parent resign as the trustee of a revocable living trust. She is the settlor. I am named in the trust as a successor trustee, and used the proper format to accept that position to manage the trust. Since the settlor is still alive, there is no distribution of assets, just...