Arkansas Intergenerational Trust

Article ID: 58683  

Question
Arkansas Intergenerational Trust

Answer

Intergenerational Trust
You may take an adjustment from income for contributions made to a long-term intergenerational trust. This is a trust established for an individual under the age of 18 in order to provide funds for the minor's retirement. The trustee must be a resident of Arkansas and cannot distribute any of the trust funds to the beneficiary until the beneficiary reaches the age of 55. Contributions are limited to $4,000 per year.


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Views: 3020 Created on: Jun 15, 2013