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Gold/Mining/Energy : Precious and Base Metal Investing -- Ignore unavailable to you. Want to Upgrade?

To: loantech who wrote (32558)	11/21/2004 11:59:16 AM
From: Condor	Read Replies (1) \| Respond to of 39344

Yes, that is probably the case.....same up here. In my post, I was thinking/referring to passing the wealth on to children. C

To: loantech who wrote (32558)	11/21/2004 1:39:37 PM
From: Wyätt Gwyön	Read Replies (1) \| Respond to of 39344

my non-lawyerly understanding is that the conditions are: IF you die before your spouse AND your spouse is a US citizen. in our case, my spouse is non-US citizen, so the estate planning attorney set up some kind of trust or something. a separate trust arrangement (bypass trust, i think) was set up for the kids. in US it also depends on the particular state. in a state like California, which apparently has a very costly probate process, a lot of people seem to set up living trusts. in our own case in Texas, we were told by several attorneys that this is not as necessary.