Legal Question in Family Law in California
Parent passed away in December 2011. The Trust states that the (paid for) home will be sold, and the proceeds distributed evenly among the beneficiaries. Question is: is the Trust protected from Federal and/or California state tax at time of sale? Home expected to sell for $1 million and makes up the bulk of the estate. Many thanks, your time and answer is much appreciated.
Asked on 3/22/12, 8:21 pm
1 Answer from Attorneys
This is not a family law question. You need to post it again under the probate trusts and estates category or the tax law category to get it to attorneys who can answer this.
Answered on 3/23/12, 12:06 pm
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