DaveR wrote...
"If you really want to keep a house in the family for generations to come, you'd be wise to create a trust fund that grows steadily and earns enough income to cover upkeep and taxes. "
With what do you seed the trust fund? Future cash flow? Current savings?
The trust will pay income and cap gains tax yearly. So the fund you set up to pay your tax is getting taxed in the process. However, we all know the Govt. spends it wisely...Just look at the average govt. employee's retirement pension compared with the private sector. What? Your employer doesn't offer a pension?
__________________
Gary
~~~~_/) ~~~
~~~~~~~~
|