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Update 'Tony Robbins - Personal Power Ii - Day 17 - Wealth Conditioning'

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The items in this article are for information only and isn't to be interpreted as legal instruction. For personal legal advice you should consult through having an attorney who is experienced in probate law or estate planning.
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As long as the husband and wife are alive yet the primary beneficiaries and documents specify that the trust is primarily launched for their benefit if you as they live as well as is why they consider it a "LIVING TRUST".
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By contrast, had the bride and groom put house into a community property living trust, the home would have obtained the entire stepped-up basis at the time of the wife's death, and the husband enjoy had no taxable improvements.
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