3 ms·

I'll call out Rule 14: Beware of tax-avoidance schemes. I'm always meeting people who are obsessed with avoiding taxes. It's better to just pay the minimum you

I'll call out Rule 14: Beware of tax-avoidance schemes. I'm always meeting people who are obsessed with avoiding taxes. It's better to just pay the minimum you owe legally, and sleep at night. They think "Oh, it's deductible" means "Oh, it's free."

ghaff 3y ago
The one (very modest) trust I have some first-hand familiarity with, I'm pretty sure the effort and legal/accounting fees over the years long ago negated any tax savings associated with it.