The brokerage company will value the securities on the date of dad's death and send it to me. Since it will be several weeks before I can give them a death certificate, I will have to wait to liquidate the account. I obtained a tax ID for the Trust. There will be taxes due on any gains, dividends received during the period between dad's death and the date I liquidate the Trust. As the Trustee, I want to be responsible for any taxes due and distribute the proceeds net estimated taxes due. In that way, the beneficiaries won't have any tax liability. Does that make sense?
