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How to dissolve QPERT transferred into grantor trust with final sale?
My family had a 15 yr QPERT that satisfied its term. Rather than transfer the deed to the beneficiaries at the end of the term, the home was placed in a grantor trust with a bank trust dept acting as trustee. My mother lives in the house and pays rent to the trust. The trust is ready to sell the home. Who is responsible for the legal requirements of the sale, I.e. Approving & signing sales contracts, paying capital gains (if any), dispersing proceeds to beneficiaries? Can the trust be dissolved when the proceeds are dispersed?
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