Original Message:
Re: CNBC: Why inheriting that beautiful timeshare can bust your wallet (by KC):
maurice wrote:What's the downside of not putting it in your trust, though? I mean, worst case, the kids want it and...what happens? They have to pay a bit of additional tax, maybe?But by not having it in the trust you leave them the flexibility to reject it. Even if they want the unit currently, it seems like a good idea to keep that option open.
I'm not sure that whether or not the deeds are in a trust decidedly impacts the ability to later "disclaim" if the children are not actual "trustees", whereas childrens' names on the deeds themselves most certainly eliminates any option to later file a disclaimer.