Estate Tax Questions

[12AX7]

Does anyone know of a message board where general questions of this nature can be asked, unless someone would be willing to tackle the question here?

[My 2 cents]

Not being a tax professional, I would not offer advice in a discussion thread on estate tax strategies (at least without proper warnings).

Nor being insane, I would not rely on estate tax strategies offered in a discussion thread.

You may wish to consult a tax professional.

[Guest Sieve]

If it relates to retirement plan & IRA issues in estate planning, there's a topic on this board for that.

[12AX7]

It's just a general estate planning question regarding bypass trusts. I wasn't looking for specific tax advice.

[GBurns]

Bypass trusts are used in estate planning to reduce the impact of taxes. Estate planning is dependent on the particular facts and circumstances. Wouldn't questions tend to both specific and tax advice?

In any case, Why not just start the topic or post a specific question?

[K2retire]

You will find many of us are willing to share opinions. Just remember that they may well be worth exactly what you paid for them!

[12AX7]

Specifically the question is regarding an estate that is worth less than $500,000. The value of the estate is likely to decrease as well. Would there be any advantage to creating a bypass trust for this situation? I appreciate any general thoughts on the matter.

[GBurns]

An answer worth anything would need much more information.

Type of assets and titling.

Marital status.

Will.

Beneficiaries info ssuch as relationship.

Intent.

Etc

[12AX7]

I hear you. Thanks.

[Guest jims]

You may try the boards at fairmark.com - which seems to focus on taxes.

[lvena]

We just went through a similar situation. I agree that this is probably not the best forum, but you really do need to speak with an attorney about this. There are just too many variables that affect this decision. The bypass trust can be a good option, but without all the details of your estate, full explanation of your desires/wishes, and an good understanding of the laws in your state, it is impossible to make a good decision.

We ponied up the money and went to an attorney. Best $400 we ever spent.

By the way, I am not an attorney (just a benefits guy) but have had some family experience over the past few years.

[12AX7]

I'm also just a pension guy that likes to answer a few questions here when I get the chance. I realize now this is more than a black and white situation. Thanks.