You give $1 million to your college in an irrevocable trust with the stipulation that you receive
Question:
You give $1 million to your college in an irrevocable trust with the stipulation that you receive the earnings from the gift.You are guaranteed an 8% return on your investment.
a. What would be your income from your gift?
b. How much of your gift would be a tax deduction?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Personal Finance Building Your Future
ISBN: 978-0073530659
1st edition
Authors: Robert B. Walker, Kristy P. Walker
Question Posted: