Putting trusts in your estate planning
Article Abstract:
Setting up a bypass trust is a basic way to save on estate taxes. The qualified terminable interest property trust ensures a surviving spouse an income for life. Other trusts include the irrevocable life-insurance trust, the charitable lead trust and the charitable remainder trust.
Publication Name: Nation's Business
Subject: Business, general
ISSN: 0028-047X
Year: 1996
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With big IRAs a wrong move can be costly
Article Abstract:
Federal regulations on choosing beneficiaries, withdrawal methods, payout scheduling, and taxation are often misunderstood, costly seniors millions in needless taxes. For example, annual minimum withdrawals become mandatory on April 1 of the year after one reaches age 70.5.
Publication Name: Nation's Business
Subject: Business, general
ISSN: 0028-047X
Year: 1995
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