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The 5-Second Trick For does a trust issue a k-1

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A potential good thing about setting up a trust is steering clear of estate taxes. As long as the trust is irrevocable so you relinquish control of it, it could reduce estate tax liability. But revocable trusts remain A part of the taxable estate. Health and fitness price savings accounts https://estate-trust-planning-sof15432.wikipublicity.com/7710544/the_smart_trick_of_free_legal_description_of_trust_that_nobody_is_discussing

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