The great blog 4704

When clients sit down in my office to talk about trusts and tax planning, they are usually thinking about two things: keeping the family home in the family, and not leaving a tax or care-fee mess behind. The 7-year rule for trusts often sits right at the intersection of those worries. Most people have heard a half-remembered version of the rule from a neighbor or a relative: "If you live seven years after giving something away, the tax man cannot touch it." There is a gr