Why The Wealthy Write These Checks At Year End

Why The Wealthy Write These Checks At Year End

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There is a ritual that often occurs in high net worth households in the final weeks of the year. It can be a check in the mail or tucked inside a Christmas present. At other times, it may be a deposit into a 529 plan or a trust without the beneficiary knowing. Regardless, we are at the time of year when the older generations in wealthy families make the annual gift exclusion to the younger…

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