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re: Starting a trust in louisiana
Posted on 4/15/24 at 3:17 pm to Rendevoustavern
Posted on 4/15/24 at 3:17 pm to Rendevoustavern
quote:
Irrevocable for everything else
Be careful. You can lose step up basis, which can be important if you have ANY investments in the trust.
There are some ways around this, but you need professional guidance.
Generally speaking an irrevocable only makes sense if you are concerned about estate taxes or about creditor protection.
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