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Weather or not a trustee can get a management fee is determine by what the trust document says. Must likely you could pay yourselft a trustee fee, but the fee will be income to you and fully taxable. Your dad can give give to you, your wife, your kid each a $10,000 tax free gift. He can also pay unlimited medical and education costs if paid directly to the provider.

A family limited partnership can turn that $10,000 annual gift into about $15,000 if your dad gives LP interest.

Good luck and see a good CPA

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