November 10, 2021
• Estate Planning • Probate
The probate process gets a bad reputation, but it’s the reality many families will face. It is a process that can function well for some small estates.
I’m a trustee selling a home in irrevocable trust for a parent who died. There are two beneficiaries who will get the sale proceeds with a stepped-up basis. I’m filing Form 1041 but do I still have to file a Form 1040 to report anything for the beneficiaries?
Looking for an extra incentive to spend some quality time with your grandchildren? Try telling their parents that it could extend your life.