Subject: Re: America's War Industry
Really, a trust is mostly useful to avoid probate. It may avoid inheritance tax, but it will still generate tax from any gains of the assets. - 1pg

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Well sure, I know that. However the trustee can meter out cash to meet the needs of the beneficiaries so so as to control the amount subject to taxation each year. Somewhat like an IRA with no RMD's. This vs distributing the entire estate all in one year and the estate paying a gigantic tax bill in that year.