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Sue444
Returning Member

Do I pay taxes on an inherited revocable trust?

 
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MaryK4
Expert Alumni

Do I pay taxes on an inherited revocable trust?

Do you mean you are the beneficiary or trustee of an inherited revocable trust?

If there is any income from trust assets, you would have to pay taxes. Also if there is the sale of any assets, you would have to pay taxes.  There may be estate taxes as well.

 

In general revocable trusts are created to avoid probate, but you do not avoid tax.  If you provides more details, we can help!

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