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If you create a revocable trust you can place as much money in that trust as you choose. Your transfers to a revocable trust all always returnable and fully subject to your creditors so the IRS does not recognize a gift occurred.
If your transfer the assets to an irrevocable trust for his benefit then you can give up to 5.125 million dollars to the trust tax free. Once the assets are transfered to his trust it is later protected from your creditors. Careful, because this type of transfer will subject you to a 5 year Medicaid ineligibility should you need nursing care in the future. With that said, after the 5 years has passed the assets are outside your name and not subject to paying for the care.
I cannot provide you with legal advise. I have provided you with information about the law related to your question. My answer, and any information that you find online, should not take the place of having a consultation with a lawyer in your area to advise you regarding your specific issues.
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