Here is the scenario
You’ve just inherited $1,000,000. You invest the million and it starts generating $40,000/year in dividends. $40,000 is great until you realize the tax man takes away $15,114 every year, leaving you with $24,886. What can you do?
Well, you have these kids, your kids! And their current annual income is a big fat $0.
So here’s what you could do.
**This example uses $1,000,000. However, the strategy would also work with smaller amounts and still save you thousands.**