Your friends are very likely talking about revocable trusts for probate avoidance. Likely also including some residual trusts for after death, but those can be included in a revocable trust or will.
Downside of the former is the extra cost of setting it up, which can vary a good bit depending on the practitioner, and may or may not be more than offset by the level of additional probate avoidance achieved. Basis adjustment is the same either way.
Downside of the former is the extra cost of setting it up, which can vary a good bit depending on the practitioner, and may or may not be more than offset by the level of additional probate avoidance achieved. Basis adjustment is the same either way.
Statistics: Posted by Joey Jo Jo Jr — Mon Oct 21, 2024 11:00 pm — Replies 14 — Views 976