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Is the Revocable Living Trust just a tax loophole that the government will close down?

April 26, 2017government Living trust Loophole Revocable tax

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Is the Revocable Living Trust just a tax loophole that the government will close down?

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Living Trusts have been permitted under the law for centuries. The Government has no real interest in forcing families to undergo Probate proceeds. Further, there has been no movement in Congress to reduce or restrict the Estate Tax benefits available to owners of living Trusts.

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No. The Revocable Living Trust has been authorized by the law for centuries. The government has no interest in making you go through Probate or Conservatorship. Those proceedings only clog up the court system. In addition, there is no movement in Congress to reduce the Estate Tax benefits available to a Revocable Living Trust.