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Business, 02.04.2021 04:20 SmokeyRN

Donald has created a trust for the benefit of his three nephews, Huey, Dewey, and Louie, who are all minors. Donald plans on making annual contributions to the trust. Donald would like his annual contributions to the trust to qualify for the annual exclusion. What would be the best way to accomplish this goal? A. Donald should make sure that he does not contribute more than $15,000 for each nephew, or $45,000 in total, each year B. Donald should give his nephews an unlimited ability to remove funds from the trust C. Donald should give his nephews the right to remove some or all of the annual contribution from the trust for a limited period of time D. Donald’s annual contributions to the trust will not qualify for the annual exclusion under any circumstances

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Donald has created a trust for the benefit of his three nephews, Huey, Dewey, and Louie, who are all...
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