Is the distribution of cash from an estate or trust taxable? - testamentary trust will
The descendants of the distribution of the trust estate is what is at stake.
Thursday, January 14, 2010
Testamentary Trust Will Is The Distribution Of Cash From An Estate Or Trust Taxable?
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If you are a child or grandchild, then most if not all, of the distribution are to be tax free. Every state is different, however, believe the limit fed to 2 million.
If you are a child or grandchild, then most if not all, of the distribution are to be tax free. Every state is different, however, believe the limit fed to 2 million.
If you are a child or grandchild, then most if not all, of the distribution are to be tax free. Every state is different, however, believe the limit fed to 2 million.
If the money paid into a bank account, interest rates, it may be something of interest income of the property. The property can pay the tax () the deduction of the distribution, or it can pass on the product for you.
The assets in the gross weight of the deceased person for purposes of federal property includable, but the heirs under a testamentary distribution.
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