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Trust termination- creation of new Trust

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Gwilder

Junior Member
What is the name of your state (only U.S. law)? NH

I am a trustee an irrevocable trust (real estate) which expires soon. The beneficiaries and myself unanimously want to continue the trust as is.
My lawyer suggests creating a new trust and the old trust "selling" the assets to the new trust right before termination. Is this a taxable event, either
capital gains or estate wise?
 



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