How Tos
What is Margin and How Does it impact an Estate Administration?
Trustate Team
Margin is a loan secured by an investment account as collateral, so why does this have an impact on estate administration? In this article, we discuss the different scenarios that may arise with margin after someone passes away.
How Tos
Art In An Estate- What To Do
Trustate Team
When we think about assets in an estate administration we often think about property like real estate or land, or perhaps cash and investment accounts. However, art is a major asset that can bring with it many questions about how to account for it in an estate administration, how to determine its value, and how/if it has an impact on estate taxes.
How Tos
What Happens to A Power of Attorney After Someone Dies?
Trustate Team
Is a Power of Attorney valid after someone dies? Read on for what you need to know about this document and what happens after someone passes away.
How Tos
§645 Election- What is it and How is it Used?
Trustate Team
In simplified terms, a §645 election can be used to combine the trust and estate into one entity for tax purposes, so only one IRS Form 1041 needs to be filed. However, there is much to be known about a §645 election, and this article covers what it is, how it is used, and the benefits o using it.
How Tos
What is Form 1040?
Trustate Team
Not exactly sure how Form 1040 applies to you or a deceased loved one or client? Read on to learn what Form 1040 is, and how it is used.
How Tos
How To Obtain an Estate EIN
Trustate Team
Not sure how to obtain an estate EIN? It's as easy as 1, 2, 3.
How Tos
Step-up in Basis - What is it and how does it work?
Ann Clogan
A beneficiary who inherits an asset from an estate must take into account how the inheritance impacts their own estate from a capital gains tax liability perspective. Fortunately, the United States currently permits what is known as a “step-up in basis,” which helps alleviate potential income tax burden on a beneficiary.
How Tos
15 Items to Gather After a Loved One Dies
Leah Del Percio
When someone passes away, it is common to feel overwhelmed and not know where to begin. In this post, we break down exactly what items you might need at first to begin opening the estate.
How Tos
How to sell a car directly from an estate
Jenna Mendelsohn
Learn how to sell a car directly from an estate.
How Tos
How to distribute a deceased person’s car to an estate beneficiary
Jenna Mendelsohn
Learn how to distribute a car through an estate to a beneficiary.
How Tos
Lost Car Title? What to do
Jenna Mendelsohn
Inheriting a car but can't find the Title? Check out our guide on what to do.
How Tos
How to Transfer Car Titles to a Surviving Joint Owner
Jenna Mendelsohn
Joint Car Title? In this post, Jenna tells us the best way to transfer a car to the surviving owner.
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