How Wealth Accumulators Can Use Trusts To Avoid State Income Tax
“Put not your trust in money, but put your money in trust” comes from the Autocrat of the Breakfast Table by Oliver Wendell Holmes Sr. The context was advice to young women about to be married and is probably reflective of the legal concept of coverture which put the property and earnings of a married woman under the control of her husband. The law was changing in that regard even in 1858 when…
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