What is the name of your state (only U.S. law)? Minnesota
When one spouse dies with a trust in place, the value of that trust is used to value the estate for tax purposes. For example, the house was titled in the name of the surving spouse and the trust of the deceased spouse. Half the value of the house is clearly part of the estate. For other property, like a car, that was titled in the individual names (not the trust), would half the value of the car be inculed in the value of the estate or would the car simply pass to the surviving spouse and not be included?
When one spouse dies with a trust in place, the value of that trust is used to value the estate for tax purposes. For example, the house was titled in the name of the surving spouse and the trust of the deceased spouse. Half the value of the house is clearly part of the estate. For other property, like a car, that was titled in the individual names (not the trust), would half the value of the car be inculed in the value of the estate or would the car simply pass to the surviving spouse and not be included?