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To: TEDennis who wrote (845)1/2/2002 8:01:27 PM
From: Tech Master  Read Replies (1) | Respond to of 966
 
OFF TOPIC

You can contribute any kind of asset to an irrevocable trust... as long as it will stand up to an assessment of valuation at the time of the contribution. Obviously cash and stocks are easy to value, but real estate and other asset classes can be contributed to a trust up to $1 million tax free for a couple. The number has been bumped up... I forget the exact amounts now and it isn't important to this discussion.

FWIW- you should look into trusts for tax free asset transfer to your heirs before you ride the big Harley in the sky <ggg>