If dad created spendthrift trust with a home for son to live in rent free, dad dies, son dies 10 years later. Is the $250k exemption available to the trust?
If dad created spendthrift trust with a home for son to live in rent free, dad dies, son dies 10 years later. Is the $250k exemption available to the trust?
The son was not named as a beneficiary to any assets, the son was only allowed to live rent free in the home. I can find examples where named beneficiaries, if they lived in the home, would qualify. Not sure about the son in this case.
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