BonesOfTheMoon@lemmy.worldM to InsanePeopleFacebook@lemmy.world · 14 days agoThe bank wants to be entertained by the sovcit's delulu questions.lemmy.worldimagemessage-square16fedilinkarrow-up1102arrow-down12
arrow-up1100arrow-down1imageThe bank wants to be entertained by the sovcit's delulu questions.lemmy.worldBonesOfTheMoon@lemmy.worldM to InsanePeopleFacebook@lemmy.world · 14 days agomessage-square16fedilink
minus-squareshalafi@lemmy.worldlinkfedilinkEnglisharrow-up7·14 days agoYou don’t have to be wealthy to put all your assets in a trust. Everyone should do it if for no other reason than skipping probate court and taxes.
minus-squareaubeynarf@lemmynsfw.comlinkfedilinkarrow-up1·4 days agoIn the US there are no estate taxes on the first $5,900,000 of assets for an individual or $13,900,000 for a married couple. They affect a tiny number of people, all wealthy.
minus-squareviking@infosec.publinkfedilinkarrow-up5·14 days agoWhere I’m at you can’t establish a trust with less than 1M in assets, and there are no tax incentives.
You don’t have to be wealthy to put all your assets in a trust. Everyone should do it if for no other reason than skipping probate court and taxes.
In the US there are no estate taxes on the first $5,900,000 of assets for an individual or $13,900,000 for a married couple. They affect a tiny number of people, all wealthy.
Where I’m at you can’t establish a trust with less than 1M in assets, and there are no tax incentives.