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JoeTheCPA · 02-28-2009, 07:36 PM

Thanks for the response.

Yes, I am sure it is a SNT. She was a disabled person and the trust allowed her to continue to get benefits and etc. The trust was established from her Parent's will and said that upon her death, the
assets go to her brother. He got the stocks and like already but there was a house that She lived in and that is now rented to a unrelated person. The brother will get the remaining assets when we distribute
this year. However, for the period from date of death, July 2, 2008 until 12/31/08 the house was rented to someone other then the disabled sister and there are other items of income and expenses.

The question, how do I treat them and distribute that to the brother since my understanding is that it ceases to be a SNT on her death.

02-28-2009, 07:36 PM	#3 (permalink)
JoeTheCPA Status: Getting feet wet Join Date: Apr 2008 Posts: 34 Rep Power: 24	Thanks for the response. Yes, I am sure it is a SNT. She was a disabled person and the trust allowed her to continue to get benefits and etc. The trust was established from her Parent's will and said that upon her death, the assets go to her brother. He got the stocks and like already but there was a house that She lived in and that is now rented to a unrelated person. The brother will get the remaining assets when we distribute this year. However, for the period from date of death, July 2, 2008 until 12/31/08 the house was rented to someone other then the disabled sister and there are other items of income and expenses. The question, how do I treat them and distribute that to the brother since my understanding is that it ceases to be a SNT on her death. __________________ Joseph R. Tone Certified Public Accountant