Section 2503 (c) Of The Internal Revenue Code

Definition of "Section 2503 (c) of the internal revenue code"

Tom Hayes real estate agent
Tom Hayes, Real Estate Agent Long & Foster Real Estate

Section of the code that qualifies the establishment of a trust for minors under which income can be accumulated until the minor reaches age 21. At that point, the accumulated income can be disbursed and the $10,000 annual gift tax exclusion for each beneficiary can be utilized.

Have a question or comment?
We're here to help.

*** Your email address will remain confidential.


Popular Insurance Terms

Popular Insurance Questions