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All Factors Of Wealth And Reality Creation
Rocco Martino edited this page 1 day ago
Lily includes good relationship with her kids, so she can title the apartment in their names. Sometimes there might be gift-tax issue when transferring ownership of asset a few child. I almost never recommend adding a child's name to home, however in this case it isn't surprising and she shouldn't incur any tax liability.
The living trust Marilyn and George created specified two new trusts, referred to as an A/B trust, and will likely be set up when most important spouse deceased. The living trust also specified that (a) the surviving spouse would serve as trustee on the "B" trust