00:00Here in the U.S., you're going to be subject to a lifetime gift tax threshold of $12.92 million per person.
00:07So let's say, you know, I gave this example on digital asset investors deal.
00:12Let's say you have $300,000 XRP and it goes to $100.
00:15You got $30 million.
00:17If you're single, anything over that $12.92 that you try to move into a trust or an estate is going to be taxed at 40%, regardless of if you sold it or not.
00:26So it's not capital gains tax.
00:27You didn't even have to sell it.
00:28The government is still going to ask for 40% of that just to move it into that entity.
00:33There's other ways that we can get around that that we're working on for people that do wait for the event to occur.
00:41But it would be ideal that they were proactive and just move the assets into at least an LLC prior to the event taking place or actually have a trust set up so that they don't have to deal with, you know, moving the assets after the event.
