What to Consider Before Making a Large Financial Gift

Tag Archives: gift planning

What to Consider Before Making a Large Financial Gift

The Tax Cuts and Jobs Act, enacted December of 2017 significantly increased the exemptions for lifetime gift and estate taxes. Currently, the federal exemption is $11.7 million per individual or $23.4 million for married couples. That exemption is set to expire at the end of 2025. However, with a new administration and Congress, there is […]

Making Cash Gifts to Avoid Estate Taxes

Giving your wealth away while you are still alive isn’t just a way for you to get some satisfaction out of seeing how your gift affects your loved ones—it’s also a savvy estate planning tactic that can help you reduce or eliminate your estate tax responsibility. Here’s an overview of what you should know about […]

The Importance of Gift Planning

There is tremendous personal satisfaction in sharing your good fortune with those you love and supporting causes you care about. There are also tax advantages to doing just that. With federal estate taxes set at 40 percent for any amount in your estate that exceeds $5,340,000, it is crucial for wealthy individuals to explore ways […]