Read this article http://budgeting.thenest.com/dissolving ... 21397.html
What difference would it make if 1 of 3 beneficiaries of a dissolved trust declines to receive disbursement ?
Worded another way with an example:
Assume the trust has just one asset, a home valued at 90,000.
Each beneficiary would receive 30,000 upon sale.
The buyer is a grandchild of the deceased grantor of trust.
If 1 of the 3 beneficiaries declines their share of the sale, donating the value to the buyer (grandchild of deceased grantor of trust) and buyer only pays 60,000 to the other 2 of 3 beneficiaries, is there something special to be aware of related to IRS rules ? Perhaps it does not matter since the amount is so small?
Non-investing personal finance issues including insurance, credit, real estate, taxes, employment and legal issues such as trusts and wills
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