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Pittsburg, Kansas | The question is, how might it change in the future. Hope it doesn't trend back lower exemption.
When my parents trust was done, many years ago now, the deceased parents half became irrevocable for the reason wanted to use two allowances rather than one. Ours was written that way too when our split family kids were minors.
As our kids got to be adults and we added a lot of land purchases to the trust, with the kids being adults we didn't want any squabbling over who got what land. So we had the whoele trust redone with all the minors verbage removed and the land parcels specifically going to specific children rather than just thirds to the three. So a major rewrite.
In this rewrite it was changed to the first deceased half becoming irrevocable to revocable. The reasoning was limits had become higher and this gave the surviving spouse more complete control.
Made sense so we left it that way. But my concerns are with latest investments and inflation the limits might again be a consideration (+ whatever might get changed into law). Plus at what age, should one of us die, will the other no longer be of sound mind or even want to be bothered with changes. So I can see as we get closer to 80, which is about where my parents began to falter, of revisiting this subject. And making changes again.
Edited by John Burns 1/30/2026 08:36
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Generational Wealth - again - sort of
