Let’s say a wealthy person wants to help out family, but not to give out large sums of money, but rather ration it. Could he set up some kind of account that pays individuals on a monthly basis. For example, his son gets 6k a month from the trust. Also, if this is possible, would those payments be taxed, or would they be exempt due to the money being a “gift” so to speak?
Submitted August 12, 2020 at 09:37PM by Diganleqmemori https://ift.tt/3ajqczq
