In most cases, a separate tax return is not needed. Neither the author, the publisher, nor this organization is engaged in rendering legal or tax advisory service. For advice or assistance in specific cases, the services of an attorney or other professional advisor should be obtained. The purpose of this publication is to provide accurate and authoritative information of a general character only. Watch for tax revisions.
State laws govern wills, trusts, and charitable gifts made in a contractual agreement.
Advice from legal counsel should be sought when considering these types of gifts.