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:
“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)
“The route through childhood is shaped by many forces, and it differs for each of us. Our biological inheritance, the temperament with which we are born, the care we receive, our family relationships, the place where we grow up, the schools we attend, the culture in which we participate, and the historical period in which we live—all these affect the paths we take through childhood and condition the remainder of our lives.”
—Robert H. Wozniak (20th century)
“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)