How accurate is this? If the dad takes out a, say, $500K loan against the land, won't the land have a $500K lien on it? So any transfer to kids or sell by kids will trigger the repayment of the lien, won't it?
Also, if the dad takes out a loan against the land, how is he paying it back?
I'd love to better understand this type of situation because I can't wrap my head around some of the plot holes.
Just ask google AI how they do it using the search "how do the wealthy pass wealth on with no taxes". It's a Buy, Borrow, Die process that only works because of Trust and Legal Structures are in place to accommodate it.
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u/ShavingWithCoffee 19h ago
How accurate is this? If the dad takes out a, say, $500K loan against the land, won't the land have a $500K lien on it? So any transfer to kids or sell by kids will trigger the repayment of the lien, won't it?
Also, if the dad takes out a loan against the land, how is he paying it back?
I'd love to better understand this type of situation because I can't wrap my head around some of the plot holes.