Trust tax brackets are steep enough that income tax and cap gains benefits are negligible. Anything that could be done in a trust w.r.t. cap gains could also b

Trust tax brackets are steep enough that income tax and cap gains benefits are negligible. Anything that could be done in a trust w.r.t. cap gains could also be done as an individual, so there's no win there. Inheritance tax benefits might be substantial though. You're probably very right about the liability and anonymity aspects.