I read a post somewhere on Reddit a few days ago but I couldn't seem to find it again. I'm wondering if it is allowable to gift cash to your parents annually (up to the annual limit) and then have them contribute into an irrevocable trust that invests in the stock market. Upon death would you receive the trust with a step up basis for all the investments? This would effectively avoid taxes on the capital gains. I'm sure I'm overlooking something, but I wanted to get some other insights on this.
Submitted December 21, 2017 at 12:25AM by Wisconsin29 http://ift.tt/2z6qTYC
