Four years before the Facebook IPO, co-founders Mark Zuckerberg and Dustin Moskovitz each set up GRATs. Just before the IPO, those GRATs were estimated by Forbes to transfer a total of at least $185 million gift tax free to their non-charitable beneficiaries. GRATs, or
If you are married, your spouse should generally be listed as your beneficiary on your 401(k), 403(b), or other retirement account, including IRAs. If you do not list your spouse as beneficiary, the entire balance in the account will go through your estate at
December is the time when many people think about giving to charity. Why? One reason is to reduce taxes, and a charitable contribution may accomplish this goal. Perhaps the only other time of the year when people are as philanthropic is in early April,
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