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The problem is the money will come from a IRA and I'm not sure how to stucture the vechicle so they won't pay taxes every year?

If the money is coming from your IRA during your lifetime, YOU will be taxed on the distribution.
The only times someone other than the IRA owner is not taxed on a IRA distribution are
- QDRO distribution to ex-spouse
- Beneficiary distribution due to death

To prevent taxes on the income generated, refer to Pixy's post on Crummey Trusts.

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