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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