If you don't mind me asking, what's the approximate time horizon (how old are they now and how old are you assuming they will be when you transfer the money to them)? And how much money... a little or a lot? One of the things I'd do is forecast what I thought the money could grow to throughout the time horizon, and then determine if that future value could be easily "spent down" through annual gifting without tax reporting at the current rates (plus inflation), or if it'll be way too much $ for the annual gifting to be the simple solution.
Statistics: Posted by esteen — Tue May 07, 2024 1:02 am