My dad passed away this year and he had a loan out on a cabin. I will be paying off the cabin with some of his life insurance money but the cabin's title is in a trust with his siblings, so I won't be the owner. Do I need to include this loan payment when I file my taxes next year? And not exactly tax related, but where does the title for the cabin go once the loan is paid off (my dad has five siblings, all whose name is on the trust)?
