Dear Mr. Premack: My wife and I own several pieces of real estate worth several million. If we convert each to community property, and put these properties into a joint trust, is the estate of each based on the total value of the trust (without regard to the individual properties) or does our estate valuation continue to be based on the individual properties? – CMU Your potential plan is to 1) convert the land into community property, and 2) put the land into a joint trust, s