Investment Account Tracking

Since gifts to grandchildren many times are gifts to minors, a gifting plan involving grandchildren might also include the creation of minor’s trusts under Section 2503(c) of the Code, gifts to Section 529 college savings plans, or both. A Section 2503(c) minor’s trust has the benefit of not requiring Crummey powers in order to qualify gifts to the trust for the annual exclusion. Since ... ................
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