Private trust for my child
Can I open Children Private non discretionary trust and collect less than 50k per year per account, and avoid gift tax.
I would like to open two trust for two of my kids and deposit some money from my side and collect gifts worth less than 50K from my family/relatives which I would like to invest in Mutual Funds etc., Will appreciation be taxed till they reach 18 years?
I don’t have any business/fixed assets as of now.
Thanks in anticipation.