Why do people make hating a tool their entire personality? I have noticed this same thing with languages like Go ("oh no Go still bad") and C++. I don't like C++ myself but I don't hate it. It would be like hating a screwdriver.
If you don't like a language simply don't use it, there are hundreds of alternatives. If your employer is making you write in that language you should hate your employer, not the language.
I was recently sent a link to this recording of a David Bowie & Nine Inch Nails concert, and I got a serious uneasy feeling as if I was on a psychedelic and couldn't quite trust my perception, especially at the 2:00 mark: https://www.youtube.com/watch?v=7Yyx31HPgfs&list=RD7Yyx31HPg...
It turned out that the video was "AI-upscaled" from an original which is really blurry and sometimes has a low frame rate. These are artistic choices, and I think the original, despite being low resolution, captures the intended atmosphere much better: https://www.youtube.com/watch?v=1X6KF1IkkIc&list=RD1X6KF1Ikk...
We have pretty good cameras and lenses now. We don't need AI to "improve" the quality.
> But luckily, success indexes less on IQ and more on consistency. The willingness to doggedly show up every single day can take you to some really suprising and amazing places.
What I keep hearing from experienced estate attorneys is that California probate court is onerous and worth a lot of effort to avoid, but other state's have reasonable probate; it might still be worth it to avoid probate, but it's not such a big deal. OTOH, dealing with assets in a revocable trust can be a PITA while you're still alive and may not give much benefit while you're living either. If you're not in California, it's worth taking stock of the situation before you use California biased advice.
Having an estate in trust may not actually save on taxes either. Yes, you'll avoid probate fees in California, which is significant. But your estate will still pay estate tax. Otherwise, if an irrevocable trust holds the assets, it pays the taxes, and trusts have very abbreviated brackets; your heirs might well pay less income tax holding the property themselves.
When your heirs/beneficiaries die and their heirs become the new beneficiary, that's not subject to estate tax, which is great, but as a result it doesn't get a step up in basis. If the trust is large relative to the estate tax exemption, it's beneficial to not pay estate tax; if not, it's more beneficial to get a step up in basis.
Certainly, in some situations, trusts are more tax efficient, but you have to actually look at your situation to see. Default everyone should have a trust assumptions add a lot of senseless confusion and delay to the people who don't actually get a benefit from it. There are asset protection benefits from trusts as well, and it's reasonable to consider those depending on the situation as well.
Holding a farm in a trust or llc makes a lot of sense to me, because it makes it easier to split ownership without dividing the farm.