Q&A: Can I still set up a trust for my dad’s estate tax credit?
Question by Father Knows Best: Can I still set up a trust for my dad’s estate tax credit?
My dad died over a year ago and the trust document my parents wrote says at his death, a trust is to be set up for his estate tax credit amount. My mom recently died and the trust never got completed. Can I still finish it before I continue with my mom’s part of the trust?
Best answer:
Answer by Mathew
You should not rely on any answer you get here because none of us have seen the Trust documents nor do we have other information to provide an accurate and informed answer. You should seek the counsel of a qualified professional to review this matter.
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Is there a real estate tax credit for widows?
Question by jennifer g: Is there a real estate tax credit for widows?
A coworker informed me that there is a real estate tax credit for widows over the age of 50. Does this exist?
Best answer:
Answer by rtfm
Real estate taxes are local. You’d have to talk to the tax office at your city or town hall to find out.
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