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Level 2
November 16, 2022
Question

$16,000 gift exclusion

  • November 16, 2022
  • 1 reply
  • 25 views

I know you can give anyone a gift of $16,000 per year but can you gift that amount to an irrevocable trust inwhich I am the trustee?

    1 reply

    Level 15
    November 16, 2022

    Who is/are the beneficiary/beneficiaries?

     

    A gift in trust is deemed to be a gift to the beneficiaries.