re: Tax Free Muni Bonds

That doesn't change my previous rule.

Also, if this dude is setting up a living trust, he would have just asked his attorney and double checked with his CPA.

What most likely happened is that some two-bit financial advisor got steep incentives to move some munis and a pitch sheet on why everyone should own munis. He then called all of his clients to tell them about the "new amazing tax advantaged investment" he found.

Maybe this board has turned me into a cynic, but after seeing people come here with honey in their ears and snake oil in their mouths for the better part of a decade, I feel like it's pretty justified.