Talk of The Villages Florida - View Single Post - Consequences of handing out inheritance prior to death?
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Old 04-06-2024, 08:31 AM
CoachKandSportsguy CoachKandSportsguy is offline
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yes, as I was given this information from a CPA, so its a second hand solution which should be done by an elder law attorney to avoid a successful governmental challenge.

The elderly woman gives an interest free loan of X amount to each / any child
Any loans are forgiven at death in wills and trusts.

You are welcome.

good luck

finance guy who learns tax stuff by experience and discussions with CPAs and lawyers
and is currently solely managing investments and distributions and taxes of two trusts,
both now irrevocable.