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Lev, Tax Advisor
Category: Tax
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Experience:  Taxes, Immigration, Labor Relations
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can an irrevocable trust make a gift to a beneficiary

Resolved Question:

can an irrevocable trust make a gift to a beneficiary?
Submitted: 6 years ago.
Category: Tax
Expert:  Lev replied 6 years ago.


Generally if the trust transfers the money of a property to the beneficiary - that transaction is a distribution and not a gift.
The gift is defined as - A voluntary transfer of property from one person or entity to another made without charge or consideration. -
So - as long as trust's documents allow gifts - the trustee could make gifts to any person including beneficiaries. However - I do not see any tax advantages if you structure the transaction as a gift and not as a distribution.

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