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Re: Obama Proposes Tax on 529 College Savings Accounts - Straw that will Break Camel's Back! 

By: ribit in FFFT3 | Recommend this post (2)
Thu, 22 Jan 15 11:42 PM | 50 view(s)
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Msg. 08024 of 65535
(This msg. is a reply to 08021 by oldCADuser)

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Now don't tell me you've never gotten an invitation in the mail to have dinner at same fairly fancy restaurant where you have to sit through a presentation on how you can set-up a trust that will allow you to pass assets, tax free, to your heirs.

...nah, but I get bunches of em wanting me to buy a time share condo in panama city beach.




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Liberals are like a "Slinky". Totally useless, but somehow ya can't help but smile when you see one tumble down a flight of stairs!


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The above is a reply to the following message:
Re: Obama Proposes Tax on 529 College Savings Accounts - Straw that will Break Camel's Back!
By: oldCADuser
in FFFT3
Thu, 22 Jan 15 11:32 PM
Msg. 08021 of 65535

Under normal conditions, that's correct, but a few years ago some slimeball found this loophole involving certain types of trusts which could get around that. Now don't tell me you've never gotten an invitation in the mail to have dinner at same fairly fancy restaurant where you have to sit through a presentation on how you can set-up a trust that will allow you to pass assets, tax free, to your heirs. My wife and I get these invites all the time. This is the target of the President's proposal, closing the loophole created by these new financial vehicles.


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