How to Take Full Advantage of Gifts in Estate Planning

Tag Archives: gift tax exclusions

How to Take Full Advantage of Gifts in Estate Planning

If you have an estate plan, chances are you have outlined how you would like to divide your wealth and assets among your friends and loved ones. But you can actually maximize the power of gift giving for estate planning by giving gifts while you are still alive, and have the added benefit of being […]

Be Careful When Making Certain Types of Gifts

Gift giving is a popular estate planning strategy to reduce the taxable value or your estate. However, the IRS has some very strict rules in place that govern the nature and amount of gifts you can give within a certain time without taking a tax hit. Here are a few strategies you should avoid if […]

What Tax Changes Occurred in 2014 for Estate Planning?

Inflation adjustments affect federal estate tax deductions and in that regard can affect estate planning. Keeping up with the changes in federal laws that govern estates can be challenging, which is why working with your lawyer is important. It seems like the legislature proposes changes every few years. The following are areas you should be […]