There is an easy way to transfer wealth tax free. All you have to do is pay your children’s bills. Make their mortgage payment, pay their utilities, the only necessity is that you never give the money directly to them. Anyone that dies and lets the government get their assets is an idiot. My great-uncle was an idiot, he let his nest egg get taxed to the tune of paying the state and feds 1.2 million. He was a fu¢ktard in this respect but otherwise a great guy. Still miss him.
I’m not quite old enough to WANT to think about it a lot, but I’m (we’re) old enough that we should’ve already been prepared for it. We are somewhat, I guess, but it is time we should have it all nailed down completely.
Thanks for the nudge.