Brat
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
While preparing a draft of our income taxes the subject of Oregon's estate tax came to my attention. The estate tax kicks in at $1,000,000. Given the increase in the value of real estate and IRAs it doesn't take much to kick in. Our revocable living trust provides for the creation of a Revocation Trust at the time of first death.
Has anyone ever funded one of those? If I wanted a Revocation Trust to own IRAs of a descendant how does that work?
Should the spouse be named as the first beneficiary and the residual beneficiary named the revocation trust?
Has anyone ever funded one of those? If I wanted a Revocation Trust to own IRAs of a descendant how does that work?
Should the spouse be named as the first beneficiary and the residual beneficiary named the revocation trust?
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