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Clifford Trusts As A Tax Shelter

joemas On October - 28 - 2010

Clifford Trusts – Temporary Trusts To Shift Taxable Income

Clifford TrustsIn the past, Clifford trusts represented a popular way of shifting income from parents to their children. The amount of income transferred was being taxable at their children’s lower rates.

This type of trust was established for a period of 10 years or more.

You Can Not Shelter Any Investment Income Using Clifford Trusts

Beginning with January 1, 1987, the use of Clifford trusts has been eliminated.



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Categories: Tax Shelters

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