Legal advice on Taxes and estate planning

The lawyer that made the trust said just send the IRS a letter when it closes at the bank. The IRS wants a 1041 form. IRS said "mark the final box and put $0". Is that really all I need to do? The SNT did not generate any income. The trustee has moved on. The lawyer has too. I have been trying to close my trust for 2 years with the IRS.

Dad had a revocable trust, now irrevocable because he died. IRS application for EIN is confusing and I’m not sure if we need EIN for Trust or for Estate. All assets are in the trust, there is no probate, so I think I need an EIN for an irrevocable trust, and that my Dad (the settlor/trustor) is the responsible party, and that I list myself and my info as the Successor Trustee. Is that correct? If I do it incorrectly, what happens?

My mom had a morgage with 92,000 owed on it She died last year with no will i want to keep the property but the morgage is now almost 9,000 behind and the lender filed for forclosue. What do i do. The ownership has not passed to me yet. O one has askked for probate and there is no executor.

My mother died of cancer. She never had a will. She owned the house we lived in and was suppose to leave the house to my sister and I, however our stepdad ended up taking the house. Is there any way of us being able to get the house back?

I was a beneficiary In my parents living trust .the trustee placed every thing in his name and removed the original trust. What can I do.?

I inherited a nonqualified annuity with a death benefit from a friend. what amount is taxable for PA inheritance tax? the fair market value or the death benefit in full? Thanks

Both my mother and I are US citizens, living in NYC. My mother has foreign real estate (held in her name) as well as control over a bank account (held in company name). The value of the foreign real estate is approx 110k USD while the funds in the bank account are < $10k. Based on her understanding of IRS regulation, she has not need to report either asset to the IRS. As part of her EOL planning, she wants to transfer the real estate to me. I currently do not hold any foreign real estate or have any bank account. Given this scenario, I have a few questions: - Is my mother's understanding correct in that foreign real estate is not required to be notified to the IRS? - Would the same apply to me if the property is transfered to my name? - If I were to sell the property in the future, what tax responsibilities should we take care of? - From a tax & reporting perspective, is it better for property to be passed down as inheritance post death or during the life of a parent? Basically, we want to liquidate the foreign assets and bring the resulting funds legally to the US while minizimizing tax liability.

I completed a Will, but want to know if it's better to have a trust instead.

My mother was left as the trustee for her father's properties. She had two sisters but they are now deceased and she is the last living daughter. She got the parent-child tax transfer done and she had the deeds to the homes. However, online it still shows that the properties are in the living trust created by her father and she has a tax id number from the IRS which we think is the trust tax id. But, not sure what she needs to do to know for sure if the account has been settled or not or if she needs to dissolve the trust?