[A Navy Vet]

"The legal owner is the Sterling Family Trust, though that trust could just be a living trust that avoids probate but is not taxable."

Huh? Yes, a living trust avoids probate, but does not escape capital gains or estate taxes when the owner dies. Am I wrong?

[Mears]

“Huh? Yes, a living trust avoids probate, but does not escape capital gains or estate taxes when the owner dies.”

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Isn’t the trust the owner——so whose death do you mean?

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