From: atbowler@thinkage.ca   
      
   On 5/12/2013 7:08 PM, BT wrote:   
   > My mother is a US citizen/Canadian resident (in B.C.).  I am a US   
   > citizen and resident, and will be her sole heir.  Her tax attorney   
   > suggests placing her house in a trust to avoid probate.  I know this is   
   > a common strategy in the states, but I don't know what the implications   
   > are for either my mother's US return (she files in both countries) or my   
   > eventual inheritance with a Canadian trust.  (FYI, her total estate will   
   > not approach the US estate tax threshold).  Her tax attorney makes no   
   > claims re: US taxes.   
   >   
   > So, if someone here knows about this, does the trust sound like a good   
   > plan in this case?  Any red flags here?  Any questions I should put to   
   > her lawyer before he goes forward with this plan?   
      
   Probate fees can be considered a tax, but are not really   
   onerous.  (1->2%)   
      
   Will the lawyer's fees for setting up the trust and other   
   recurring administration fees (costs of annual tax filings etc.)   
   exceed the proe costs?   
      
   --- SoupGate-Win32 v1.05   
    * Origin: you cannot sedate... all the things you hate (1:229/2)