• FreeAdvice has a new Terms of Service and Privacy Policy, effective May 25, 2018.
    By continuing to use this site, you are consenting to our Terms of Service and use of cookies.

Taxes on estate

Accident - Bankruptcy - Criminal Law / DUI - Business - Consumer - Employment - Family - Immigration - Real Estate - Tax - Traffic - Wills   Please click a topic or scroll down for more.

K

ksajb

Member
What is the name of your state? MI

My deceased parent's property is listed in their revocable living trust. There are four beneficiaries. One of the beneficiaries is buying the property from the other three. What are the tax implications regarding the sale of the property? Should the buyer write a check to each of the beneficiaries or one big check to the estate and then the funds be distributed?

Thanks!
 


You must log in or register to reply here.

Find the Right Lawyer for Your Legal Issue!

Fast, Free, and Confidential
data-ad-format="auto">
Top