You give $1 million to your college in an irrevocable trust with the stipulation that you receive

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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?

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Personal Finance Building Your Future

ISBN: 978-0073530659

1st edition

Authors: Robert B. Walker, Kristy P. Walker

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Question Posted: Apr 18, 2018 09:37 AM

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You give $1 million to your college in an irrevocable trust with the stipulation that you receive

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Personal Finance Building Your Future

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