Remainder
The tax code allows people to set up charitable remainder trusts and set up qualified personal residence trusts to own their personal residence yet leave it to their children without estate tax.
Read more about this topic: Estate Planning
Famous quotes containing the word remainder:
“There are only three kinds of people: those who serve God, having found him; others who are occupied in seeking him, not having found him; while the remainder live without seeking him and without having found him. The first are reasonable and happy; the last are foolish and unhappy; those between are unhappy and unreasonable.”
—Blaise Pascal (1623–1662)
“Then I had only prisoners’ thoughts. I awaited the daily walk which I took in the yard, or my lawyer’s visit. I managed the remainder of my time very well. I have often thought that if I was made to live in a dry tree trunk, without any other occupation but to watch the flower of the sky above my head, I would have gradually gotten used to it.”
—Albert Camus (1913–1960)
“Do not undervalue the headache. While it is at its sharpest it seems a bad investment; but when relief begins, the unexpired remainder is worth $4 a minute.”
—Mark Twain [Samuel Langhorne Clemens] (1835–1910)