Correct, but if he intends to give away 100% of the proceeds (and presumably considers EVF effective), it has the same effect.
My comment was not to say “he should do x” but instead say “if he intends to do x and remain a trustee, this is a good way to structure it”.
Correct, but if he intends to give away 100% of the proceeds (and presumably considers EVF effective), it has the same effect.
My comment was not to say “he should do x” but instead say “if he intends to do x and remain a trustee, this is a good way to structure it”.