The ABCs of 2503© Trusts: A Must-Read for Every Parent
What is it? A Section 2503(c) trust is an irrevocable trust established to hold gifts for a minor child until the child turns 21. It is named after Section 2503(c) of the Internal Revenue Code, which permits an exception to the general rule that only gifts of present interests (i.e., the right to immediately use, …
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