Gifts to Minors (Portfolio 846)
At a glance
I. Introduction
II. Factors Encouraging and Discouraging Gifts to Minors
III. Valuation
IV. Section 2503 Gift Tax Exclusions for Gifts to Minors
V. Mechanics of the Transfer
VI. Planning Issues
Abstract
The Bloomberg Tax Portfolio, Gifts to Minors, No. 846, analyzes in detail the major income tax and transfer tax consequences of gifts to or for the benefit of donees of an age less than majority. The Portfolio, which is intended to familiarize the reader with the planning possibilities and the potential problem areas associated with gifts to minors, discusses both the tax and non-tax considerations that encourage or discourage such gifts. The Portfolio also contains a comprehensive description and evaluation of the various methods by which to make gift transfers to minors. Property management and tax planning considerations are included in the evaluations.
For a discussion of related issues, see 845 T.M., Gifts.
This Portfolio may be cited as Lischer, 846 T.M., Gifts to Minors.