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Financial Planning / Tax Strategies


Subject:  Ignore my other post and answer this one please Date:  2/23/2001  9:52 PM
Author:  oreck Number:  47073 of 127753

I asked the question wrong so here is the way I should have asked it first:

If my dad has a fund that is in a living-trust and I am the beneficiary of it. . . then if something were to happen to him then what would the inheritance tax rate be?

Would the inheritance be a capital gain?

And should I tell him to keep all his tax records for the dividends he has been paying capital gains on? so that the principle taxed is not a double tax?
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