Retirement - Now what? Message Board

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Strategies & Market Trends : Retirement - Now what?

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To: Drygulch Dan who wrote (112)	5/10/2005 9:26:41 PM
From: Nazbuster	Read Replies (1) of 288

re: Death Taxes One of the ways I've heard of to avoid these is to create a charitable non-revocable trust. You give everything away but retain the rights to earnings of the assets during your lifetime. I'm not a lawyer or familiar enough with these things to answer questions, but as I undersand the concept, you get a deduction for the current value of the asset, act as trustee during your lifetime, get the benefit of earnings, but since you don't own the assets (they belong to a non-profit), they are not subject to taxes upon your death. OFC, this would piss off your offspring if they were expecting a big bonus...

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