• FreeAdvice has a new Terms of Service and Privacy Policy, effective May 25, 2018.
    By continuing to use this site, you are consenting to our Terms of Service and use of cookies.

Gift to Trust

Accident - Bankruptcy - Criminal Law / DUI - Business - Consumer - Employment - Family - Immigration - Real Estate - Tax - Traffic - Wills   Please click a topic or scroll down for more.

S

skightlinger

Junior Member
What is the name of your state?Illinois.


Can I gift a $25,000 asset to an irrevocable trust with 5 beneficiaries without incurring any gift taxes? Would it constitute a gift of 1/5 of each of the beneficiaries?
 


You must log in or register to reply here.

Find the Right Lawyer for Your Legal Issue!

Fast, Free, and Confidential
data-ad-format="auto">
Top