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Investors & landlords
@jtax Have a different point of view about people in my “situation”. Whether one has inherited a bypass trust isn't explained by what the estate tax exemption is today; it’s what the estate tax exemption was when the trust was set up. The reason for their former popularity was that only 20 years ago the exemption was less than 3/4 of a million dollars. And it is the mostly baby boomer children of those parents who set up the trusts 20, 30 or more years ago who have been inheriting and are now inheriting those trusts. I could easily guess their number may be in the tens or even hundreds of thousands. I would suggest TT could do a better job addressing the situation. JMHO
April 27, 2021
7:42 AM