Liquidating trust and capital gain

25 Jan

These containers function much like holding companies. The assets of one series cannot be used to satisfy the debts and obligations of another series.

In the typical situation, a generation-skipping trust (from one of your grandparents) would normally not receive a stepup at the time the assets are distributed to you.Gold was again blasted to new post-election lows this week, further trashing contrarian sentiment.The Fed proved more hawkish than expected in its rate-hike-trajectory forecast, unleashing heavy selling in gold futures.Some trusts do not take on a new basis at the date of the most recent death.The trustee or estate attorney should know what kind of trust it is and whether a "step-up" to market value at the date of death (or six months later) is applicable to the trust that is making the distribution.