pistolero (p@fsebugoutzone.org)'s status on Monday, 09-Sep-2024 16:51:07 JST
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@Paradox @thegreatape @lain
> 2. Leave expensive stuff in will to kids
They tax that. It's expensive to die.
There was an artist that died somewhat recently, and one of his paintings incorporated bald eagle feathers; his kids inherited his work, and although it is illegal to sell the painting due to the bald eagle feathers, the IRS claimed that the impossibility of selling something doesn't affect its value, and the kids owed taxes on what it would sell for if it were legal to sell.
What you do is set up a trust and then have it cover its own taxes.