The Motley Fool Discussion Boards
Financial Planning / Tax Strategies
|Subject: Re: Tax impact receiving from trust accts?||Date: 11/16/2012 10:51 AM|
|Author: Wradical||Number: 116929 of 123001|
We don't have an attorney - what type of attorney/lawyer should we be looking for so we start looking into the correct listings?
I'm not sure how much YOU (or your wife)actually have to do.
And now I'll share Phil's oft-stated disdain for passive-voice narratives.
Your OP states: "My wife's father passed away last July, and we have only recently received a letter explaining that she need to sign paperwork among with a copy of birth certificate and send it in (to prove she is at least 32, a condition for the "irrevocable" trust funds to be distributed to her). She is also asked if she wants the funds to be delivered "in-kind", or to be sold for cash."
So that makes me curious.
Who sent the letter? And who is doing the asking?
A family member acting as trustee? His/her attorney? Your late father-in-law's attorney? If so, is he/she acting as trustee?
Depending on the answers to the above, the source of the letter just might be the person to start with, as to whether you will have tax filing obligatio