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[quote=Anonymous][quote=Anonymous]If you have an irrevocable trust, how did you decide how much to transfer into it? What percentage of your NW did that represent? Thank you. [/quote] I’d also love to know what total net worth situations are putting up to $30m of asset cost bases into IRREVOCABLE trusts, which would then not be taxed at all upon our deaths and transfer to the kids. Do households with over $30m of likely net worth start doing this? You can’t get it back out whilst living so you have to know you’ll never need it yourself or your kids until later. $50m NW? $100m nw? >$200m HNW plus lots of assets? (Many commercial real estate buildings or oil&gas wells) No one would put their one small business interest share in it incase of a future windfall,’if they had mainly salary, stocks and a house in their taxable estate, right? [/quote]
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