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Non-Cattle Specific Topics
Coffee Shop
Will
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<blockquote data-quote="sstterry" data-source="post: 1694144" data-attributes="member: 28912"><p>But not when they are young, I know her kid's approximate ages and they are way too young for that type of planning. At a much older age, sometimes yes. But they still need Wills as a fall-back for things left behind that have not been gifted. Also, if someone chooses the gift-planning route, they need to talk to a tax professional regarding gift limitations, taxes, and also the benefit of the "basis reset for tax purposes for inherited property."</p></blockquote><p></p>
[QUOTE="sstterry, post: 1694144, member: 28912"] But not when they are young, I know her kid's approximate ages and they are way too young for that type of planning. At a much older age, sometimes yes. But they still need Wills as a fall-back for things left behind that have not been gifted. Also, if someone chooses the gift-planning route, they need to talk to a tax professional regarding gift limitations, taxes, and also the benefit of the "basis reset for tax purposes for inherited property." [/QUOTE]
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