In 2015, Avery transferred $50,000 into an irrevocable trust.

In 2015, Avery transferred $50,000 into an irrevocable trust. His daughter, Dayna, is to receive all of the income from the trust for five years, followed by his daughter, Sandra, receiving the income for the next five years, after which the trust terminates and is distributed to his son, Walter. Assuming a federal rate of 4%, calculate Avery's taxable gift