bigalcalbisque
Member
What is the name of your state (only U.S. law)? California.
Father-In Law had personal revocableTrust. He passed away 7/31//09. His trust contained a commercial building that has been left to my wife. We are preparing his final Estate Tax Return. If we leave the property in the trust for the next 5 years and then take the property in that trust and put it into a trust that we create for my wife would that change the Estate Tax in any way? Currently it has a value of less than 2 Million Dollars which is under the 2Million Dollar limit for 2008.
Thanks For Your Help In Advance, Al
Father-In Law had personal revocableTrust. He passed away 7/31//09. His trust contained a commercial building that has been left to my wife. We are preparing his final Estate Tax Return. If we leave the property in the trust for the next 5 years and then take the property in that trust and put it into a trust that we create for my wife would that change the Estate Tax in any way? Currently it has a value of less than 2 Million Dollars which is under the 2Million Dollar limit for 2008.
Thanks For Your Help In Advance, Al