My Grandmother had a Revocable Living Trust. My Mother and Uncle are beneficiaries of the Trust and my mother is the Trustee. My Grandmothers house is still deeded to the trust. My Grandmother has since passed on and they would like to transfer the property to me. I am giving each of them a lump sum of money for their portion of the property.
1) can the property be transferred directly to me from the trust?
2) does the money need to flow through the trust?
3) does the trust pay any income taxes on this transfer or are those the responsibility of the beneficiaries?
Everything else in the trust has already been disbursed. This property is the only item remaining in the trust.