Ten Minutes with Griffin, Episode 229: Gift-Splitting Strategy for Taxable Gifts

Описание: As a follow-up to my intro on the gift-splitting election, it is important to note that the gift-splitting election often only applies to gifts to third parties. However, there may be some transfers, such as transfers in trust, for which a non-donor spouse is a beneficiary. In this Episode, I discuss whether, and to what extent, the gift-splitting election can apply to this type of transfer, along with some issues that can arise with the use of GST exemption and lifetime gift tax exclusion when making this election for gifts in excess of the spouses' combined annual exclusion.