Re:Three Levels of Wealth
by refurb on Thursday August 02, 2018 @03:36PM
(#17674759)
My understanding is that unless you have a lot of assets, it's not worth setting up a trust as the upkeep is costly.
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Re:Three Levels of Wealth
by oldManRiver on Thursday August 02, 2018 @08:04PM
(#17676432)
If your assets will be over 5.4 million (the current exempt amount from estate taxes) for a couple you should have a trust, if you're no where near that, then yes, a trust for your home alone is pointless. The business write-off part still stands.