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To: RobbyS

I thought that living trusts solved problems like this from happening. If I create a trust that owns all of my assets, I name who gets said assets upon my death, no questions asked. Am I missing something?


22 posted on 04/11/2013 7:25:41 AM PDT by Cyclone59 (Obama is like Ron Burgundy - he will read ANYTHING that is on the teleprompter)
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To: Cyclone59

A trust is a device to transfer assets in order to avoid PROBATE. Similar to having a designated beneficiary to your IRA. It is not a device to avoid or reduce ESTATE TAXES assuming your estate is greater than $5.25 million.


29 posted on 04/11/2013 8:34:50 AM PDT by twoputt
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