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He merely does not want non-citizen partners to acquire large estates and then return to their homelands without paying any estate taxes Lincoln Park.
A CLUT is an irrevocable trust that may be developed by the donor either intervivos,or upon death,and which defines that a yearly “unitrust quantity” must be paid at least every year to charity till the termination of the specified term,at that point the trust assets pass to or in trust for the noncharitable recipients The Law Firm of Steven F.Bliss Esq.Estate Planning Attorney This means that they can legally use the funds in whatever ways they wish.
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These documents must be prepared in accordance with the suitable state rules and should abide by the Federal Health Insurance Portability and Accountability Act of 1996 or HIPAA steveblisslaw com Estate Planning Attorney I passed the CPA examination in Massachusetts in 1985 but am not licensed as a CPA in California.
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