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Reply to "Medical malpractice settlement question"
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[quote=Anonymous]Talk to your financial advisor. You might want to receive it into the kids names, maybe in trust, because that’s the only way to avoid estate taxes. The exemption NOW is $11 million, but you never know if/when that could change and taxes on a state level vary by state as well. But, once it’s in your kids’ names they could blow it all on v-buck or cute purses if they want, so that might be where you want a trust. [/quote]
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