My mother thought about just giving me some assets and just claiming them against her lifetime exemption. Its is a mutual fund with about 7k due in taxes if I were to sell it, since I would have her basis. If she were to set up a trust what would be the advantage? A trust costs about 2k to set up. If my mother were to pass away would the trust then pay out and then be ended or would it go on after her death? We both are new to this
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