i work in the financial industry. Financial advisors have been asking all summer if this counts as income
I hit them with the "Sir you're going to have to consult a tax consultant " and start juelzing. That one question is the only thong preventing this shyt from happening in most cases. Sont get me started in trusts whos trustees are trusts of trusts of several different trusts.
Hey did you know tou can transfer a life insurance policy to your child when they turn 18. The money is tax free after the distribution and has a better return than a college saving plan. As long as you can handle the premium for 18 years