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:
“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)
“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)
““What have I gained?”
“Experience,” said Holmes, laughing. “Indirectly it may be of value, you know; you have only to put it into words to gain the reputation of being excellent company for the remainder of your existence.””
—Sir Arthur Conan Doyle (1859–1930)