I'm 67. Our family trust earns $300,000 annually for my kids. How do I ensure they won't get killed on taxes?
"My thought is to distribute all of the income to my children each year so that the trust itself pays little to no tax."
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| Symbol | Company | Price | Change | Volume | Market Cap |
|---|---|---|---|---|---|
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CSCO
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Cisco Systems Inc.
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TM
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Toyota Motor
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MRK
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Merck & Co.
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WFC
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Wells Fargo
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CVX
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KO
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TMUS
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ASML
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ASML Holding
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SAP
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QQQ
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CRM
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ABBV
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AbbVie Inc.
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BAC
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JNJ
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Johnson & Johnson
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NFLX
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Netflix Inc.
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PG
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Procter & Gamble Co.
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HD
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COST
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Costco Wholesale
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VTI
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Vanguard Total Market
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XOM
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Exxon Mobil
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NVO
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Novo Nordisk
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ORCL
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Oracle Corporation
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UNH
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UnitedHealth Group Inc.
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MA
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Mastercard Inc.
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VOO
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Vanguard S&P 500
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$550.00
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4,500,000
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$500.00B
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SPY
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SPDR S&P 500 ETF
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$600.00
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+$0.00
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V
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Visa Inc.
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+$0.00
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$630.00B
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JPM
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JPMorgan Chase & Co.
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LLY
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WMT
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Walmart Inc.
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TSM
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Taiwan Semiconductor
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BRK.B
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Berkshire Hathaway Inc.
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AVGO
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Broadcom Inc.
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TSLA
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META
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Meta Platforms Inc.
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GOOGL
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Alphabet Inc.
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AMZN
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Amazon.com Inc.
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AAPL
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Apple Inc.
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MSFT
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Microsoft Corporation
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NVDA
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