Unformatted text preview: withdrawn later, tax-free. A more sophisticated method for minimizing capital gains taxes is a charitable trust , in which a grantor arranges for income payments to be made to an individual from the trust until a given date, at which point the assets in the trust are transferred to a qualified charity. Such trusts are generally tax-exempt. Though the estate tax exemption has grown much more liberal in recent years, individuals still may find themselves in a position of liability, particularly after 2010. In such cases, an Intentional Grantor Trust may be used. Initial assets placed in the trust are treated as tax-exempt gifts....
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This note was uploaded on 03/29/2012 for the course ACC 553 taught by Professor Gilbert during the Spring '12 term at DeVry Houston.
- Spring '12