Gifts

Learn about gifts in estate planning and how they affect your trust. Discover gifting strategies, tax implications, and documentation for family wealth trans...

How do gifts affect my revocable living trust?

Gifts made from trust assets are typically treated as distributions from the trust. The trust document usually specifies how gifts are handled, and you'll need to track them for tax reporting purposes. Understanding these mechanics helps you make informed decisions about gifting strategies within your estate plan.