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Thank you, this is an interesting example. A Charitable Remainder Unitrust is a very specific thing. It does not make sense to create one unless you actually a
by javert 6y ago
Thank you, this is an interesting example.
A Charitable Remainder Unitrust is a very specific thing. It does not make sense to create one unless you actually are charitably minded. If you look at it merely as a way to reduce taxes, you'd end up preferring to keep the money yourself (and pay taxes normally), because the amount you have available to spend is higher that way.
Also, it can't be inherited.