Are Attorney Fees For Estate Work Tax Deductible For The Deceased’s Widow?
Spouse died in 2006. Are attorney fees for setting up the trust documents, retitling assets to trusts, meeting with the PR, POA and Trustee tax deductible for the survivor?
Related Posts
Tags : Attorney, Deceased's, Deductible, Estate, Fees, Widow, Work
Yes. Absolutely.
February 1, 2010 7:37 pm | #1Estate planning expenses are tax deductible as Legal Fees Re: Preservation of Income as a Miscellaneous deduction, subject to the 2% limitation of AGI.
The estate gets the deduction.
February 1, 2010 7:57 pm | #2No, but the ARE deductible by the estate if the estate is large enough to have a tax liability.
February 1, 2010 8:03 pm | #3Nope. Perhaps the estate can deduct them, however.
February 1, 2010 8:22 pm | #4