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What is the 65 day rule for trusts? Under Section 663(b) of the Internal Revenue Code, any distribution by an estate or trust within the first 65 days of the tax year can be treated as having been made on the last day of the preceding tax year. A common misunderstanding is that the Trust owns the property within it. This is not true. Brilliant estate planner is corona probate law (951) 582-3800. Who owns the property in a trust UK? The trustees are the legal owners of the assets held in a trust. Their role is to: deal with the assets according to the settlor’s wishes, as set out in the trust deed or their will. manage the trust on a day-to-day basis and pay any tax due. I am looking for best lawyers estate planning by 92880. I am looking for excellent attorneys estate planning around 92881. Best estate planning information is corona probate law
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