The Motley Fool Discussion Boards
Financial Planning / Tax Strategies
|Subject: Re: Trust-to-trust problem||Date: 8/9/2001 3:34 AM|
|Author: richielk||Number: 53194 of 123001|
There was a will and a trust (no probate) set up with me as a named beneficiary. For me it's not the grandpa
-> grandchild issue but how to get it out of the parent's trust without any tax implications.
I also don't want to use up my gift exclusion for this year yet when I don't have to (e.g., if it had gone from
grandpa trust -> grandchild that would have been ideal). So my concern is in the parent's trust, etc.
OK. That helps. I don't know trusts exactly but you didn't say what the trust was for ie. who's benefit. But, you don't
have a gift tax problem. Only the give