BobKamman
Level 15
07-25-2020
11:58 AM
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Estate planning is not a one-size-fits-all game. Mobile homes are not real estate, but putting real estate in a corporation sometimes is a good idea.
Here's a corollary to my axioms "90% of the people who have a living trust don't need one, but 90% of the people who need a living trust don't have one" and "90% of the people who buy annuities shouldn't, but 90% of the people who should buy annuities, don't" --
"90% of the people who put real estate into a corporation or LLC, shouldn't; but 90% of the people who should do it, don't."
But your answer does point out the confusion in the question. Did the clients inherit a mobile home, or did they inherit shares in a company?