And the top priority is....

[UserRemoved1]

FEED AFRICA



speeeend speeeeend speeeeeeeeeeennnnnnnddddd

Famine: 'Hundreds of thousands of kids could die' - Yahoo! News

At some point this has to stop. I realize what's going on here. But it means we spend more money. More debt. WTF never ending circle jerk

[Jackbass]

More than likely most of the super wealthy have living trusts set up that will not be exposed to the estate taxes.

I am not 100% clear on the details of how it works but instead of "Uncle Benny" owning the house on the vineyard it would be the property of the trust once uncle Benny dies the executor of the estate would handle the management of the trust for the estate. Something to that affect. Maybe the Jiggin Lepin lawyer can shed some light on it, lol

[JohnnyD]

Originally Posted by Jackbass

More than likely most of the super wealthy have living trusts set up that will not be exposed to the estate taxes.

I am not 100% clear on the details of how it works but instead of "Uncle Benny" owning the house on the vineyard it would be the property of the trust once uncle Benny dies the executor of the estate would handle the management of the trust for the estate. Something to that affect. Maybe the Jiggin Lepin lawyer can shed some light on it, lol

My girlfriend's parents retired to Truro 2 years ago and built the house they currently live in. Technically, they don't even own the house. It was immediately put into a trust with the benefits being split between their 4 kids equally. I don't believe any taxes will ever be paid on it when (hopefully many many years from now) her parents pass away.

[Jackbass]

Exactly what I am talking about.