@Anonymous_ wrote:
@Opus 17 wrote:
If an IRA or stock market account has a beneficiary, that passes directly to the beneficiary and is not part of the estate. Anything in the trust is not part of the estate.
The terms are, unfortunately, used interchangeably, but assets subject to probate (the probate estate) need to be distinguished from assets considered to be part of the gross estate for federal tax purposes per Section 2031.
Thanks. So @trust812 needs to identify assets subject to probate, versus assets that pass to the heirs by other means. (?)
