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sigcurious · June 3, 2011, 01:39 PM

What Skans described is pretty much spot on. Just remember the local laws are one thing and the IRS is another, if the trust generates income or has taxable capital gains, don't forget to consult someone about the tax aspects. darn taxes! :barf:

June 3, 2011, 01:39 PM	#12
sigcurious Senior Member Join Date: May 25, 2011 Posts: 1,755	What Skans described is pretty much spot on. Just remember the local laws are one thing and the IRS is another, if the trust generates income or has taxable capital gains, don't forget to consult someone about the tax aspects. darn taxes! :barf: