Christine, I think the billionaire club should all be using that simplified tax form! Most of them pay a shockingly low amount of taxes, if they pay anything at all.
The tax situation around my dad's estate was too confusing for me. His primary residence was part of an irrevocable trust, but the rental house was never added to the trust. Luckily, the title company we used to sell both houses understood the potential tax implications. We transferred the rental property into the trust before selling it. There were also some annuities, bank accounts, rental income, depreciation, and a host of other financial numbers to deal with. We used the same tax preparer that my dad used, so they were familiar with the situation. Their fee was also very reasonable (under $350).
Love always -- Jessica Rose