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To: Lower55
Living Trusts are interesting. I wonder how many of those who are subject to the estate tax take advantage of them.
47 posted on 06/15/2002 7:00:23 AM PDT by Huck
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To: Huck
On the livin trusts.....

Probably not enough people take advantage of them. I think it's mainly because they don't want to give up control over some things. They can be changed, but it's still scary to go through.

I have huge asests, but hardly any liquid. If I were to gift my children the 10k/yr., it would help pass the estate. But, I would have to gift property, or acreage. This will break up what I have and I may not be ready to do that yet. I may need it for collateral or to sell for some unknown reason. It's a tough decision to give up control.

57 posted on 06/15/2002 3:34:38 PM PDT by Lower55
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