You would have a hard time convincing a judge that you are not self-dealing if you take $2,000,000 in gifts before the end of the year, in my opinion. That could be construed as a heck of a breach of fiduciary duties.

James-when the parents are 90 or older-they might not miss a million or two when they have plenty to spare-you know they are not buying green bananas-LOL

You make a really good point. But if it is the KIDS deciding that and not the parents...it could get dicy. Since the son is handling the estate, it is a really tough call. I have lots of clients in their 90s who are convinced that their kids are trying to take all their money. Something like this might send them over the edge!

If the parents are all for it, though, that would be a different matter. If there has been a gifting program in place, etc, that would certainly make a difference, as well.
BTw...I rather like greenish bananas! ;-)

I like my bananas in the banana pudding stage.

:-)