• Private Trusts & Private Foundations

  some trust questions

  Posted by risingsun on June 21, 2023 at 5:38 pm

  Hello,

  does this seem valid..

  sell some assets to private trust for market value or less stating terms of sale one of which would be trust can pay for said assets with a promissory note or in installmets.

  Question1 do promissory notes have a max term or can they be indefinite?

  Thinking behind this….selling the assets but only receiving small chunks at a time would therefore incur less tax as only a small amount is received each year. or if paid by promissory note with an unlimited time frame no monies would be received from sale, incurring no tax.

  does any of that make sense? any thoughts on this would b appreciated thanks

  risingsun replied 2 years ago 1 Member · 0 Replies
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