@frankharry wrote:
Anyone who dies with a Revocable Trust would be in this same situation. How is this normally handled?
The situation is normally handled in the exact manner that you described and, you are correct, it is cumbersome and inconvenient, to say the least.
The one and only way to resolve the issue, otherwise, would be to persuade the financial institution (e.g., bank or brokerage) to issue separate 1099s, one before death to the decedent and another immediately post death to the estate or trust, but that almost never happens.
