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Author: vkg Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121351  
Subject: Re: Need tax consequences advice please Date: 1/29/2013 11:37 AM
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I have a Personal Asset Trust and so does my brother. The beneficiary(ies) I named will receive their own PAT from my estate after my death.

There are a couple of other questions to ask a lawyer.

Is keeping the assets in the trust of value to you?
Are there limitations on what assets can be removed from the trust?

You maybe able to remove assets from the trust, and let it go away. Just because someone convinced your parents, this version of a trust was a good idea doesn't mean that it is good for you.
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