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Why is a Preliminary Change of Ownership Report (PCOR) or Change of Ownership Statement (COS) required if property is held in a trust, and the owner(s) of the trust dies?

April 26, 2017COS held ownership PCOR Preliminary Property report

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Why is a Preliminary Change of Ownership Report (PCOR) or Change of Ownership Statement (COS) required if property is held in a trust, and the owner(s) of the trust dies?

1 Answer

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Posted

A change of ownership occurs as of the date of death. Even though the property remains in the trust, the beneficia…