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Investors & landlords
You need to talk with the administrator of the trust on this. It depends on what type of trust. There are many different types of trusts, and each can be set up in just as many ways. For example, if it was a revocable living trust, then upon her passing it most likely became an irrevocable trust. Also, laws differ state to state on trusts. So if the trust administrator is/was you and you don't understand how this stuff works, then I would highly recommend you seek the services of an attorney well versed in this, in your area. If you'll check the yellow pages I'm confident you'll find quite a number of those that specialize in wills, estates, trusts and probate. That's what you need. The type of trust and how it's set up can and will affect the cost basis of any real estate held by the trust at the time of her passing.