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January 4, 2023

Marek founded the M Life Insurance Trust for the benefit of his children, of which he has four.

Marek founded the M Life Insurance Trust for the benefit of his children, of which he has four. In 2012, he paid $50,000 in life insurance premiums for policies held by the trust. He has given no other significant gifts to his children in 2012. Is this considered a taxable gift to the trust?

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