What are taxes on sale of stock left out of revocable trust?

ASK HARRY: What are Taxes on Sale of Stock Left Out of Revocable Trust?

Question: My mother just recently passed away, my father having passed before her. They had a living trust set up in 2018. That made it easy for her house to go to my brother and myself. But she also had…

What are taxes on sale of stock left out of revocable trust?

It’s far too common for revocable, or “living,” trusts (they’re the same thing) to not entirely fulfill their purpose because some assets have not been transferred to them. For them to work, all assets, whether real estate, bank accounts, or…