Dossier
67-year-old individual
Coverage of 67-year-old individual in the Nexus archive.
- 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.