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Retirement tax questions
Hello @Meggie235
Thank you for joining us today! I am so sorry to hear about your mother's passing.
As for the taxability of monies left in a Trust, it will depend on several factors, such as, is from a retirement account, stocks, bonds, etc.. I found a link that is very explanatory on the taxation of trust, and how or when it is taxed. https://www.investopedia.com/ask/answers/101915/do-beneficiaries-trust-pay-taxes.asp#:~:text=Benefic...
If you have further questions, I am more than happy to go into more detail with more facts provided. Again, we are so happy you joined us today!
Cheers!
Holly W
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‎July 26, 2023
1:38 PM