- Jurisdiction
- Missouri
First and foremost, of course, I do have an attorney representing the Trust, and he will be weighing in on this. I'm just trying to get a jump on it.
I am the Successor Trustee for my deceased Aunt's Living Trust. Through the shortcomings of her financial advisor and her credit union, some of her accounts had to go to Probate because they did not have a designated beneficiary. Those funds are coming to the Trust via her Pour-Over Will.
I don't anticipate any of the funds held by the Trust will appreciate. But, one of her investment accounts appreciated from the Date of Death value to the amount that was moved to the Trust. I'm 99.99999% certain the Personal Representative did not pay a tax on the gain.
Will the Trust have to?
Thanks
I am the Successor Trustee for my deceased Aunt's Living Trust. Through the shortcomings of her financial advisor and her credit union, some of her accounts had to go to Probate because they did not have a designated beneficiary. Those funds are coming to the Trust via her Pour-Over Will.
I don't anticipate any of the funds held by the Trust will appreciate. But, one of her investment accounts appreciated from the Date of Death value to the amount that was moved to the Trust. I'm 99.99999% certain the Personal Representative did not pay a tax on the gain.
Will the Trust have to?
Thanks