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If one sets up joint ownership on accounts, what are some of the interstices as regards GT of the varying types, e.g., bank, IRAs, and when and who pays gift tax and which amounts currently reach such a threshold?

Albeit a bit old, according to a family estate planning book, the authors state that if the gift consists of a bank act., gift tax is not due until the joint owner puts it in his name? So if such occurs, assuming postmortem to the original owner, the survivor would file a federal gift tax form (any NYS equivalent?) or would this happen on the decedent's final return.

And further paraphrasing the book, if the gift involves real estate or securities, the gift is payable immediately. Is this correct and payable by whom?

Until reading this, I assumed an inherited IRA would pay no gift tax or are there some nuances of which I am unaware?
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