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To: New Perspective

will a family trust shield the family\property?


13 posted on 08/20/2021 6:04:28 AM PDT by NicoDon
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To: NicoDon
will a family trust shield the family\property?

It may, depending on how it is set up. I have been out of estate planning for a few years but trusts do help eliminate some of the tax burden.

We all know that Gates is buying up a lot of farmland, the left want to control our food supply. When a farmer does not want to sell they just wait them out until the death tax is due. One of two things happen, either they pay the tax, which most will not have the liquidity for, or it is sold at a fire sale. One of my former clients inherited 3 family farms. He had to sell one of them to pay the estate tax.

24 posted on 08/20/2021 6:22:27 AM PDT by New Perspective (#NotMyPresident -Proud father of a son with DS & fighting to keep him off biden's death panels.)
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To: NicoDon
or forced to sell

Gotta be some way around it. While still alive, sell to third party who will sell it back to the kids? Or just sell it to kids cheap?

27 posted on 08/20/2021 6:32:49 AM PDT by Pollard
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