in 2017, a grandfather gave a life estate to his grandson and a remainder interest to his granddaughter. Each interest is valued at $13,000. The gift to the granddaughter is: 1) fully shielded by the annual gift tax exclusion 2) Partially shielded by the annual gift tax exclusion 3) Taxable and 4) Fully shielded by the annual gift tax exclusion, once it becomes a present interest. The site answer is mainly 1) fully shielded by the annual gift tax exclusion. HOWEVER, a remainder interest gift is a future gift which is not subject to the annual gift tax exclusion. So....it could be either 1(taxable) or 4(Fully shielded by the annual gift tax exclusion, once it becomes a present interest). Which is true and WHY? Thanks.