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The Nexus
BUSINESSMay 23 · 15:29 UTCMARKETWATCHQuentin Fottrell

I’m 67. Our family trust earns $300,000 annually for my kids. How do I ensure they won’t get killed on taxes?

A 67-year-old individual seeks advice on minimizing tax burdens for their children by distributing a family trust's $300,000 annual income to them, aiming to reduce the trust's tax liability. The strategy involves transferring income to beneficiaries to avoid high trust taxation.

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