BobKamman
Level 15
03-31-2022
10:37 PM
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Why didn't she put it in the trust in the first place? She hadn't been conned into thinking she needed a trust yet? Estate planning, whether needed or not, is a personal expense. Just because it's income property doesn't mean the transfer is income-related.
Next year she'll be back transferring it to an LLC. Because, well, everyone else does it, right? (Except in California.)