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How to Have Your Cake and Eat It Too

Prairie Eco-Thrifter

If you end up in life with assets that you would like to use or from which you need to receive income, yet also want to donate to charity, there may be ways for you to do both. Keep Your Asset, But Still Get An Estate and Gift Tax Break On it. million left tax-free to heirs.”. Get Income for Life From An Asset You Give Away.

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Eight Things I Learned After Becoming a Millionaire

Prairie Eco-Thrifter

Managing your finances gets a lot more complex and time consuming. If you plan to donate it, will the organization use it for the purpose you intended, or spend it on perks for their employees? How can you best protect it from evaporating into the tax systems? A fulfilled life, to me, is a life of accomplishment.

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