When your parents draft a will and establish a revocable living trust, it's helpful for them to bring their tax returns from recent years to show to the attorney. These documents will serve as a guide to their assets and income. Additionally, when one of your parents passes away, having prior tax returns on hand instantly gives the trusts and estates attorney a snapshot of both their finances, so she can properly account for all their assets.
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Having Your Parents' Tax Returns Can Save You Time and Hassle
By Caring.com Community Member, Tim
- ID:
- 7349
- First Published:
- 12-Nov-2007
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