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Financial Planning / Tax Strategies


Subject:  Re: gifting Date:  8/29/2005  4:29 PM
Author:  NaggingFool Number:  80570 of 133123

Contributions to the trust would not be deductible

Are there any tax benefits to a "chartiable trust", then? Does it let the money grow tax-free, or let donors give more than $11,000 per year without tax consequences? Or is it just a way to have a third party control money for the recipient?

- Megan
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