Business & farm


@ron6612 wrote:

From intuit web website:

Decedent's Estates

The estate of a deceased person is a taxable entity that exists until all debts are paid.....


Do you not understand that a trust bypasses the need for probate of an estate (with respect to the property held in the name of the trust)?

 

The decedent's property passes through the trust (which becomes irrevocable at death) to the beneficiary(ies). Essentially, a trust bypasses a decedent's estate (e.g., the property in the trust passes outside the estate).

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