Whenever ownership of property is transferred, for nothing or less than full value in return, the Internal Revenue Service levies a tax on the value of that property. This is known as a “gift tax.” … [Read more...] about What is the Annual Gift Tax Exclusion?
Making Gifts During Your Lifetime Can Add Value To Your Estate Plan
We usually think of estate planning as something that will benefit our family after we die, but there are some benefits of estate planning that will be helpful to you and your family during your … [Read more...] about Making Gifts During Your Lifetime Can Add Value To Your Estate Plan
Maximize Gifts to Grandchildren with Proper Planning
Ask just about any grandparent and they will confirm that it is their right to spoil their grandchildren. But, when it comes to financial gifts, it is important to have a plan. Giving a one-time … [Read more...] about Maximize Gifts to Grandchildren with Proper Planning
Specific gifts in estate planning may avoid “Dallas”-style drama
The case of J.R. Ewing and the family jewels. Sounds like an episode of Dallas, right? But now it is actually part of a real-life drama involving the estate planning of the late Larry Hagman. … [Read more...] about Specific gifts in estate planning may avoid “Dallas”-style drama
3 Questions About Charitable Trusts
Question 1: Don't I need a lot of money to set up a charitable trust? You probably don't need as much money as you think you do. A lot of people can set up a charitable trust to take advantages of … [Read more...] about 3 Questions About Charitable Trusts
