A wife's husband died recently. He had set up a revocable grantor trust about a year ago. He funded the trust with their personal residence at that time. However, there were other assets that he owned which would not fund the trust until his death for his wife's benefit. Does only the personal residence get recorded on Schedule G of Form 706 under revocable transfers or do all of the assets discussed in the trust document, even the ones that don't fund the trust until the death of the husband, get recorded on Schedule G of Form 706, under the category of revocable transfers?
Announcement
Collapse
No announcement yet.
Form 706 - Schedule G - Revocable Transfers
Collapse
X
Disclaimer
Collapse
This message board allows participants to freely exchange ideas and opinions on areas concerning taxes. The comments posted are the opinions of participants and not that of Tax Materials, Inc. We make no claim as to the accuracy of the information and will not be held liable for any damages caused by using such information. Tax Materials, Inc. reserves the right to delete or modify inappropriate postings.
Comment