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A comment on I regret selling my startup. Parent comment

Re:I regret selling my startup by gnicholas on Wednesday January 17, 2024 @03:02AM (#39024706)
The normal path is to establish a trust fund, into which you and your spouse contribute the maximum annual exclusion amount. By the time they're grown up, they've got a tidy sum. And when they get married, you and your spouse can give the maximum gift amount to each them and their spouse every year.
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Re:I regret selling my startup by hiAndrewQuinn on Wednesday January 17, 2024 @04:54AM (#39025657)
You're a saint, thank you
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Re:I regret selling my startup by gnicholas on Thursday January 18, 2024 @02:45AM (#39039088)
Not a saint, just a former tax lawyer. There are more elaborate strategies that allow people to move larger sums, particularly if they have stock in pre-IPO companies. If you find yourself in need of that kind of advice, find a 'private client' lawyer to help you understand and navigate the complex rules.
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