Prior to 2024, my husband, a U.S. permanent resident has had a superannuation valued over USD 50,000 but less than USD $100,000 for which we have always filed an FBAR. During 2024, he received a gift from his family less than $100,000 deposited into a new account and we include this account on our FBAR filing. Now that the combined accounts are greater than $150,000, do we need to file a Form 8938, showing the foreign bank account in Part I and the superannuation in Part II, and complete the relevant data in Part III? And because the gift was under the threshold for Form 3520 no need to file so Part IV of 8938 is blank with respect to that?