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Newspaper
Aiken Standard
Location
Aiken, South Carolina, United States of America
Date
Nov 05, 2006
Page
36
A private annuity between you and your daughter may move property out of your estate without gift tax. The plan sells the property to her in return for lifetime income to you, with payments depending on the federal rate. Benefits include spreading gains over years and removing a large asset, but tax treatment and feasibility hinge on careful attorney guidance.
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