gift FROM an estate

A quick question. I would assume that an estate is not allowed to make gifts, but I haven't found that confirmed anywhere in the little bit of research that I've done. So I thought I would confirm with this group. What taxable entities are allowed to make gifts? Mother past away in

2007, we are now working through her estate. Is the estate allowed to gift 12K to multiple individuals in 2007; 2008? Or is that a priveledge only extended to individuals?

Thank you for your time.

Reply to
Drew.Blaha
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Generally that's true. What does the will or trust say?

Is this a probate estate or a trust?

The reason individuals make these gifts is that it reduces their taxable estate while not incurring any gift tax. There is no reason for an estate to make such gifts, since there is no tax advantage at all to doing so.

That said, it may be possible for an estate or a trust to make distributions (not gifts, because the gift was made on the date of death) to heirs or beneficiaries. If it's in probate, the court may need to approve this. If in trust, it depends on what the trust document says and what the trustee thinks is best.

Stu

Reply to
Stuart Bronstein

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