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Author: forester75 Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121256  
Subject: Re: Trust Taxes Date: 10/22/2006 11:05 PM
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Thanks for your reply Bill. Concerning a trust, under what circumstances would a trust chose to treat the assets as being sold at a distribution to the heirs?
I was wrong about the date of the trust, it was an irrevocable trust established in 1974 with proceeds of life insurance flowing into the trust at the death of my FIL. The trust company then handled all investment decisions to generate income and growth.
I'm pretty sure the trust is not part of my MIL's estate.
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