Quote:
Originally Posted by John Mercier
Trusts bypass any of that regardless of what party holds the reins in the future.
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True, but Sue's general point remains--people/families may hold properties for a VERY long time. With the huge increase in values, my sense is that today's buyers will hold even longer. If you bought 30 years ago, you could be looking at your lake house as one of your largest assets, and selling could have a meaningful impact on overall quality of life. But if you are buying today, you are likely already set for life