As we approach the holidays and the end of the year, many people may want to make gifts of cash or stock to their loved ones. By properly using the annual exclusion, gifts to family members and loved ones can reduce the size of your taxable estate, within generous limits, without triggering any estate or
Annual Exclusion Gifts
Sep 10, 2021
Planning for year-end gifts with the gift tax annual exclusion
- By Joan Ellenbogen
- Estate, Gifts, Taxes, Uncategorized
- 0 Comments
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Sep 22, 2020
Making lifetime gifts continues to be a smart estate planning strategy
- By Joan Ellenbogen
- Estate
- 0 Comments
With the federal gift and estate tax exemption now at a record high $11.58 million for 2020, most estates aren’t taxable. But that doesn’t mean making lifetime gifts isn’t without significant benefits — even if your estate isn’t taxable under the current rules. Let’s examine reasons why gifting remains an important part of estate planning.