Legal Question in Wills and Trusts in California

Trust

There was a change of executor. The new executor re-filled a new 706 claiming other deductions, and a refund from the IRS. The IRS is auditing. The agent is asking the following question," Include case law supporting the tolling of any statute of limitations for actions by the executor 20 years prior to the death of the decedent."

My questions are;

Is the IRS stating there is a time limit to fund a trust?

If the trust was not fully funded when the first party passed, can it be funded

at any time there after?


Asked on 5/25/12, 3:58 pm

1 Answer from Attorneys
Michele Cusack Pollak & Cusack

You need to discuss this with a lawyer in person, and probably an accountant as well.

Read more
Answered on 5/29/12, 4:08 pm


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