Thanks, John. Very helpful information. It's in line with what I was finding online, but glad to have it confirmed by an expert! I was afraid I was missing something!
See you soon!
Terry
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Terry Callaghan
Zuri Group
terry@zurigroup.com------------------------------
Original Message:
Sent: 11-06-2024 01:00 PM
From: John Taylor
Subject: Life Income Trust
Not aware of any. BTW, there are very many forms of life income trusts. CRTs are most commonly used for tax-deduction purposes. The CASE Statards address several forms.
I think the key issue is establishing a minimum age for the beneficiary. 65 is common, although I know Stanford allows 50 as the minimum beneficiary age.
John
John H. Taylor, PrincipalJohn H. Taylor Consulting, LLC
2604 Sevier Street
Durham, NC 27705
919.816.5903 (cell/text)
Serving the Advancement Community Since 1987
Original Message:
Sent: 11/6/2024 1:54:00 PM
From: Terry Callaghan
Subject: Life Income Trust
Hi All...
I looked in the archives and the IRS guidelines but was not able to find anything. Is there a minimum age for a life income trust to be tax deductible?
Thanks,
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Terry Callaghan
Zuri Group
terry@zurigroup.com
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