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Financial Planning / Tax Strategies


Subject:  Gifts and Mutual Fund ? Date:  3/13/2001  11:11 AM
Author:  Lokicious Number:  48296 of 127753

As I understand it, in principle a husband and wife can each give $10,000 annually to their child and their child's spouse (for a total of $40,000).

Can the husband and wife transfer a joint mutual fund of $40,000 to the joint ownership of their child and child's spouse. Or is it necessary to sell the fund, give cash, then have the child and spouse set up a new fund?


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