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I’m 67. Our family trust earns $300,000 annually for my kids. How do I ensure they won’t get killed on taxes?
Key takeaways
- Our family trust earns $300,000 annually for my kids.
- I have all my assets in a revocable trust, with my children as trustees and beneficiaries.
- ‘It will not bring you happiness’: I have advice for your single, childless 62-year-old multimillionaire reader
I’m 67. Our family trust earns $300,000 annually for my kids. How do I ensure they won’t get killed on taxes? Quentin Fottrell Mon, May 25, 2026 at 1:09 AM GMT+7 4 min read Irrevocable trusts in the U.S. can hit the highest income-tax brackets, even at low income levels. (Photo subject is a model.) - Getty Images/i Stockphoto Dear Quentin, I am 67 and single.
I have all my assets in a revocable trust, with my children as trustees and beneficiaries. The trust earns around $300,000 a year in income. Can my children simply take the income from the trust each year and leave the assets in place for decades to come?
‘It will not bring you happiness’: I have advice for your single, childless 62-year-old multimillionaire reader
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