Trey decides to set up a trust for the benefit of his two sons, ronnie and chad. trey makes an annual contribution to the trust in the amount of $28,000 and gives each son the right to withdraw up to $14,000. in the current year, when the total trust assets are $52,000, ronnie decides to withdraw $14,000, but chad does not withdraw anything. what is the result of chad’s decision not to withdraw any of trey’s contribution to the trust? chad has made a taxable gift to ronnie of $4,500. ronnie has made a taxable gift to chad of $14,000. trey has made a taxable gift to ronnie of $14,000. all of the above.