Mom is nearing death and doesn’t have a Trust set up.
Mom is nearing death and doesn’t have a Trust set up. My mother is in her late 80’s and might have a year left. She has around $500k in investments and a $400k house thats paid off. I have 2 sisters. Should we get a trust set up? Do we have to pay any taxes on the inheritance or anything when mom passes? Just want to have everything set up to make things easier and not give money to the government ...