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Reply to "Estate/Trust Distribution Question"
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[quote=Anonymous]Don't know if there are any estate lawyers out there, specifically with knowledge of Maryland law, but thought I'd throw this out there. A trust, in clearly attempting to get around the Maryland estate tax, leaves the heirs $1 million "in cash or in kind." The rest goes to the spouse (who is the trustee). Basically the entire estate is property. The heirs would be willing to co-own the property. If the property gets its post-death appraisal at more than $1 million, is the only option of the trust's trustee to sell the property, give the heirs the divvied-up $1 million, and then keep the profits (some of which would go to pay the expenses of the trust)? Would there be any option for the land to still be transferred to the heirs, albeit with the issue of the estate tax then coming to the forefront? [/quote]
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