Great Grand Children Also Figure In To Inheritance Tax Planning

March 11th, 2009

My grandfather is a some what well to do man and he has been planning for the inevitable for some time. Most of his money is tied up in stocks so as a part of his inheritance tax planning he has made his two sons the beneficiaries of his portfolio. Another facet of his planning is giving $5000 annuities to all of his great grandchildren. this is a wise move considering that not only was there an initial investment of $5000 but with any luck that money will grow quite a bit over the years until, when the money is redeemable, it will have be considerable more than just a mere $5000.

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Entry Filed under: Business

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