Forums
New posts
Search forums
What's new
New posts
New media
New media comments
Latest activity
Classifieds
Media
New media
New comments
Search media
Log in
Register
What's New?
Search
Search
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Navigation
Install the app
Install
More Options
Advertise with us
Contact Us
Close Menu
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Forums
The Water Cooler
General Discussion
The Tax Man Cometh
Search titles only
By:
Reply to Thread
This site may earn a commission from merchant affiliate links, including eBay, Amazon, and others.
Message
<blockquote data-quote="TinkerTanker" data-source="post: 3765137" data-attributes="member: 50228"><p>Hmm, generally trusts are set up as RLTs until the dad/mom both die, then they become ILTs. If the insurance payments go into an ILT, as is the norm, it's my understanding that they're not taxed up to 11.7 million. I said 11.1 million earlier, that's wrong. </p><p></p><p>I don't see how it wouldn't be exempted in any case due to the TCJA. That's the way I'm set up and my kids should get everything tax free, aside from the income generated from my businesses, taxes of which would be paid by the businesses themselves as usual.</p></blockquote><p></p>
[QUOTE="TinkerTanker, post: 3765137, member: 50228"] Hmm, generally trusts are set up as RLTs until the dad/mom both die, then they become ILTs. If the insurance payments go into an ILT, as is the norm, it's my understanding that they're not taxed up to 11.7 million. I said 11.1 million earlier, that's wrong. I don't see how it wouldn't be exempted in any case due to the TCJA. That's the way I'm set up and my kids should get everything tax free, aside from the income generated from my businesses, taxes of which would be paid by the businesses themselves as usual. [/QUOTE]
Insert Quotes…
Verification
Post Reply
Forums
The Water Cooler
General Discussion
The Tax Man Cometh
Search titles only
By:
Top
Bottom