Thanks Amy.To clarify, the funds that remained are in a trust checking account in the names of the deceased parents. Not sure if this is still considered their ...
Could you please explain the meaning of "corpus of a trust"? To clarify, the funds that remained are in a trust checking account that is in the names of the dec...
Sorry, I don't think I worded my previous reply correctly.I was wondering if the leftover funds in the account have to specified as an inheritance in a will or ...
Thank you!So there isn't anything that needs to specified in the will that defines this as an inheritance for tax purposes?My wife has power of attorney on the ...
