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    grantfleet's Avatar
    grantfleet Posts: 2, Reputation: 1
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    #1

    Jun 23, 2007, 01:16 PM
    Capital gains on trust accounts
    My father-in-law is thinking about selling a virgin property(buildable lot).He has this in the name of his trust.He is facing substantial capital gains tax.He was considering putting the property in the names of his four daughters.Will this be subject to inheritance tax when it sells.Is there a better way to avoid capital gains.He does not plan on a 1031 exchange.

    Thank you,
    Lyle Grant
    excon's Avatar
    excon Posts: 21,482, Reputation: 2992
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    #2

    Jun 24, 2007, 05:13 AM
    Hello Lyle:

    You have a rather complicated estate question that can't be answered effectivly on a web site, certainly since there's a substantial amount of money involved. You need to see an attorney.

    excon
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