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Author: nc3 Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121319  
Subject: Re: family trust Date: 3/6/1999 6:34 PM
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First, it would be Foolish to investigate the terms of the trust and discuss this with the trustee who manages it. If you are one of the beneficiaries named then you should (generally) receive this distribution gift-tax free. However, it also depends upon the assets held by the trust. Stocks, for example, if converted to cash would be subject to capital gains based on time and appreciation. The gift taxes (if any) would have applied to assets at the time of their inclusion into the trust. Also, it does not matter if you intend to incorporate the distribution with assets held jointly with your husband. Again, check out the trust instrument!

N.
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