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URL:  http://boards.fool.com/my-grandpa-died-and-im-supposed-to-receive-some-15530027.aspx

Subject:  Re: Trust-to-trust problem Date:  8/8/2001  7:56 PM
Author:  Charlie48K Number:  53185 of 121114

My grandpa died and I'm supposed to receive some money as beneficiary. This money was given to the parents for distribution to the grandchildren. The estate was small so no tax implications. Now somehow the money ended up in my parent's living (revocable) trust. How can I get the money from my grandpa? I do have a supporting letter from my grandpa's trust, I assume that if I'm given the exact amount from my parents it would work with no gift tax implications - the amt is slightly over 10k.

Was there a will? Did this go through probate? What kind of a trust of your grandfather's? I'm not a lawyer, but if you have a legal right to it, then it seems to me to not be a gift, but a direct inheritance.

Oh, gifts up to $20,000 total from your parents wouldn't be taxable.
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