Good day gentlemen,
,
As a newbie to your YouTube Channel, I’ve already seen great benefit in the content you offer. This led me to joining your forum. Thanks for all the great information you share!
My question:
If an individual has property in a living trust which has appreciated over time and wants to disseminate said property to the beneficiaries, do the beneficiaries take on the property at the original cost basis or the appreciated cost basis? If it is at the appreciated basis, are they liable/who’s liable for paying capital gains taxes – if any, or is there a strategy to avoid having to do so?
Many thanks in advance!