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How do you get a highly appreciated asset or one that is expected to appreciate out of your taxable estate when it exceeds the lifetime exclusion amount or if you’ve already used your lifetime exclusion? A way to “freeze” the value is to sell it to your irrevocable grantor defective trust, thus removing its appreciation from the taxable estate and avoiding having to pick up the capital gain on the sale of the asset because you are effectively selling it to yourself when you sell it to a grantor defective trust. When is it appropriate to use this maneuver and how do you accomplish it? Tune in
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