Knoxie (age 45) irrevocably transfers $645,000 to a trust that will pay income to Jerry (age 36)
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Question:
Knoxie (age 45) irrevocably transfers $645,000 to a trust that will pay income to Jerry (age 36) and Sherry (age 34) in equal shares for 20 years, and then the trust property will transfer to April (age 15). Are there any completed gifts here, what are they, and what are their values? Assume an interest rate of 7%
Related Book For
Federal Taxation 2021 Corporations, Partnerships, Estates & Trusts
ISBN: 9780135919460
34th Edition
Authors: Timothy J. Rupert, Kenneth E. Anderson, David S. Hulse
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