Save for college and trim taxes with Clifford trust
A Clifford trust can fund a child’s college while shifting income to a child at lower tax rates. It must run over 10 years and be irrevocable. Prospects include tax-free first 1000 earned by the child, 100 dividend exclusion, and later up to 450 in interest exempt from taxes starting 1985.
MENTIONED IN THIS ARTICLE
Robert Tring
Prentice- Hall Inc
Clifford
Reagan
Clifford Trust
Sidney Kess
Main Hardman
Kess
Prentice Hall
Lake Placid hotel plan founder faces bank troubles
A $160 million Lake Placid Club Resort project led by John R. Swaim aimed to convert the 88 year old hotel and 1065 acres into a year round playground. Banks halted sales, work stopped, and Swaim was arrested in Florida as mortgage issues and lawsuits unfold.
MENTIONED IN THIS ARTICLE
Lake Placid Resort
John R. Swaim
St. Petersburg
Fla
New York State
Swaim
Minnesota
Florida
Lake Placid Club Resort
Lake Placid
Howard Riley
Raley
Mississippi
Robert Abrams
Lake Placid Education Foundation
William Kissel
Lake Placid Co
North Mississippi Savings and Loan
New York
James Brooks
First
Bank of
First Federal Mortgage ‘Corp
Barnum Bank
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Plattsburgh