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Is it legal for Grandparents to set up a Crummey Trust and Grandkids to sign the letters but only the Parents inherit all the money?
Yes, grandparents can set up a Crummey Trust, which allows contributions to be made to the trust while providing the beneficiaries (the grandchildren) with a temporary right to withdraw funds. However, for the trust to function as intended, the grandchildren must be the beneficiaries who receive the funds, even if the parents are the ones ultimately inheriting the money. It's important to ensure that the trust is structured properly to comply with legal requirements and to consult with a legal professional to avoid any tax or legal issues.
What else can I help you with?
Why do you inherit a fourth of your grandparents' DNA?
Because your mom or your dad inherits half of their DNA from your grandparents. And since you receive half of the half of DNA that your grandparents had, you get fourth of your grandparents' DNA.
If you inherit half of your genes from your mother and half of your genes from your father what percent of your genes did you inherit from each of your grandparent?
You inherit 50% of your genes from each parent, and since each parent inherits half of their genes from each of their parents (your grandparents), you receive 25% of your genes from each grandparent. Therefore, you inherit 25% of your genes from each of your four grandparents.
Is it possible to have some genetic traits as your grandparents?
Yes, it is possible to inherit genetic traits from your grandparents through your parents. This is because you receive half of your genetic material from each parent, who in turn received genetic material from their parents (your grandparents). Thus, traits can be passed down through multiple generations.
Can grandchildren inherit grandparents alcoholism?
No, they cannot.
Can you inherit genes from distant cousins?
No, you can only inherit genes from your direct ancestors (parents, grand parents, great grandparents, etc.) However, both you and a distant cousin could have inherited the same gene from a common ancestor. There is no way your cousins can pass anything to you.
Can you have genes from your aunts and uncles?
Yes, you can inherit genes from your aunts and uncles, but indirectly. You receive half of your genetic material from each parent, and they, in turn, inherit their genes from their parents, which includes your grandparents. This means that you may share some genetic traits with your aunts and uncles through your parents' genetic contributions. However, you do not inherit genes directly from them.
What do rattlesnakes inherit from there parents?
what does rattle snakes inherit from their parents
What dose penguins inherit from their parents?
do they inherit how to walk
Do mice inherit fur color from their parents?
Mice inherit everything from their parents - there is no other way for them to get DNA except from their parents.
Where do animals get their colors?
They inherit their colors from the genes they inherit from their parents.
Do children inherit their parents?
Yes children are the descedants of their parents.
Why is it likely that you look like your parent?
Because you share there blood.^thats trashit your genes, you get 24 from each parent to make 48 and you inherit different things from you parents and from Ur grandparents ect ect.....
