Estate Planning Pitfall: You Didn’t Retitle Assets to be Included in a Trust
There are numerous benefits of using trusts in your estate plan. For example, trusts can maximize the tax code provisions… Read More
Tag: Gift tax
No Time Like the Present: Address Top Estate Planning Priorities Today
When it comes to estate planning, consider taking a page out of the Boy Scouts Handbook: Be prepared. The last… Read More
Gifting Made Easy: Max Out Your Annual Gift Tax Exclusion Amount
The annual gift tax exclusion amount has increased for the second straight year. The IRS raised the exclusion amount for… Read More
Estate Planning Pitfall: You Sell Real Estate for $1
Someone may have told you a story along these lines: Years ago, my grandfather bought land along the shore in… Read More
Net Gifts – A Gift-Giving Technique That Makes Sense in Certain Situations
Lifetime giving is a smart strategy to reduce your taxable estate. However, if you’ve exhausted your $12.06 million federal gift… Read More
Don’t Count Out the Bypass Trust
To paraphrase Mark Twain, the reported demise of the bypass trust may be greatly exaggerated. In fact, this estate planning… Read More
Take Full Advantage of Your Annual Gift Tax Exclusion
Did you know that one of the most effective estate-tax-saving techniques is also one of the simplest and most convenient?… Read More
Estate Planning Pitfall: You Don’t Meet the Tax Requirements For Splitting Gifts
The annual gift tax exclusion is a powerful tool in the estate planning toolbox. When using your annual exclusion, you… Read More
Is Now the Right Time to Forgive Intrafamily Loans?
Whether you made intrafamily loans years ago or perhaps this year in response to a loved one’s financial troubles due… Read More
To File or Not to File? A Gift Tax Return Doesn’t Always Have to be Filed.
Now that fewer people are subject to federal gift taxes, because of a generous $11.58 million lifetime gift tax exemption… Read More
