In article
<c29cefce-34bd-45d7-a52a-87cc2338a84b[at]e39g2000hsf.googlegroups.com> ,
Zigball <zigball[at]gmail.com> wrote:

- quote -

It this a serious question?

I would tell a first grader to start by looking the words up in a
dictionary. Then google the terms - you will find a wealth of
information.

Other than that, I do not see any tax related question in your post to
be answered in this moderated tax group.

--
-Ernie-

--
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Hello All,

Does anyone know what a Gift, Estate and Trust are used for and are
they benifits? I believe a gift tax is just a tax on a certain amount
of money over a limit? Estate is of course when someone dies and
there property is worth a certain min amount of money, I assume.
Trust don't really know much about this, I believe it is set up for
individuals for inheritence? If anyone can help could you please
explain each item as if you were explaining it to a first grader? I
would like to know what the basis of each are and why they are used?

Thank you in advance!

--
<< ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- >