Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Lucent Technologies (LU) -- Ignore unavailable to you. Want to Upgrade?

To: Ted Downs who wrote (11393)	11/26/1999 10:56:00 PM
From: Georgeb	Respond to of 21876

You are going to be uncle Sam's favorite nephew when you do sell. Have you considered sheltering your unrealized profit with a charitable Remainder trust? The trust sells the stock for you and therefore doesn't pay tax. You and your wife get a yearly payout from the trust (as an annual percent or a fixed sum) for as long as you live. You remain the trustee, managing the funds in the trust in any way you want to invest it. After you and your wife both die, the remainder of the trust goes to a legal charity that you have specified. You have your cake and eat it too, as long as you didn't have to leave money to your kids or grandkids. I read about this after I had already sold.