A father gives $10,000 in securities to his 19 year old daughter who is living at home. Any dividends declared on the securities will be attributed to the father.

Question

Quizplus · Accepted Answer

If the securities are gifted to the daughter, any dividends declared on them will be attributed to her and not the father. However, if the securities are held in a trust, the dividends may be attributed to the father if the trust is structured in that way.

A Father Gives $10,000 in Securities to His 19 Year