Before my parents died 22 years ago, they created living trusts and placed their properties in them for my siblings and me, who were named co-trustees. Most of their properties were sold a year or two after their deaths, but there are still two properties in the trust, and they are on the market. When they sell, how will they be taxed? As capital gains at 25%? Or are they still considered part of my parents' estates? They lived in Tennessee.
