When it comes to trusts, playing by the rules is non-negotiable. Make sure transactions are genuine like cash exchanged or a formal note at the federal interest rate minimum. If anything less, it's gifting territory, which could mean hefty gift taxes. And never use trusts to dodge taxes because that’s a shortcut to trouble. For more information about this, check out the IRS's resources on abusive trust tax schemes. Go to irs.gov website and in the search bar type in "abusive trust tax evasion schemes" and you'll find everything I'm talking about. #IRS #Taxes #TaxCode #GetUpleveled credit (IG): Josh Nelson - @realintelligentbanker SF0537