Estates and trusts can be very complicated. Emotions are high and things can get out of hand when money is involved. I trust (no pun intended) your situation is one where everyone is amicable.
I'm sorry for your loss. As trustee you take on a great deal of responsibility and potential liability. You have done the right thing by having an attorney helping you through this process. Because your situation involves a trust and will many of the answers to your questions are contained in those documents. It is beyond the scope of this forum to provide answers that may apply to your situation.
You should absolutely have a CPA or tax attorney help you with preparing and filing returns. They will have know what the documents allow and how to best apply the tax law to your situation. You need someone to do the tax work in order to limit your liability. If you don't know a CPA, your trust attorney should be able to make a recommendation.
I wish you the best. Being named trustee is a great responsibility. Don't assume anything and have patience! The legal system runs at it's own pace. In many cases that pace is slower than we think is reasonable.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
