Wichita Kansas Trust Agreement for Minor Qualifying for Annual Gift-tax Exclusion

Category:
State:
Multi-State
City:
Wichita
Control #:
US-0973BG
Format:
Word; 
Rich Text
Instant download

Description

Gifts in trust to minors are quite common, both as a means of building up a child's estate and as a way to minimize federal gift, income, and estate taxes payable by the trustor or the trustor's estate. A carefully drafted minor's trust can provide competent management of the property on the minor's behalf, while avoiding any problem of the minor's disability to act with respect to that property. Such a trust can effect substantial tax savings for the trustor-donor while regulating distribution of the trust income and principal in keeping with the needs of the minor.
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Wichita Kansas Trust Agreement for Minor Qualifying for Annual Gift-tax Exclusion