gift tax

4 Things to Consider If You Want to Give Your Kids an Early Inheritance

If you’re thinking about giving your children their inheritance early, you’re not alone. Studies suggest that these days, nearly two-thirds of people over the age of 50 would rather pass their assets to the children early than make them wait until the will is read. It can be especially satisfying to fund our children’s dreams while

How to Leave Assets to Adult Children

When considering how to leave assets to adult children, the first step is to decide how much each one should receive. Most parents want to treat their children fairly, but this doesn't necessarily mean they should receive equal shares of your estate. For example, it may be desirable to give more to a child who is

Don’t Make These Common, Expensive Mistakes: How to Leave Assets to Minor Children

Most parents want to make sure their children are provided for in the event something happens to them while the children are still minors. Grandparents, aunts, uncles, and good friends sometimes want to leave gifts to beloved young children too. Unfortunately, good intentions and poor planning often have unintended results. Don’t make these common, expensive mistakes.

The Clock is Ticking on the Gift Tax Exemption

American families only have until midnight of December 31, 2012 to pass along assets amounting up to $5.12 million without fear of being taxed by Uncle Sam. Couples can give a combined gift of up to $10 million to their children – tax free.  For wealthy families, this is a golden opportunity that should not be

Act Now — Gift Tax Exemption

The article Is It Time to Panic About the Gift Tax Yet? by Kelly Greene was posted on the November 16, 2011 online edition of the Wall Street Journal. It advises people to act now in order to take advantage of the $5 million lifetime gift-tax exemption before Congress amends the limit again. The article also includes

2011-11-30T00:10:03-07:00November 30th, 2011|Tags: , , , , , |

How Volatility Eases Estate Planning

This article titled "How Volatility Eases Estate Planning" was in the September 06, 2011 online edition of the Wall Street Journal.  Families with taxable or potentially taxable estates (think $5M and up...) should consider reviewing this article in considering advanced planning ideas while asset values and interest rates are low and estate and gift tax laws

2017-02-23T01:52:10-07:00February 6th, 2011|Tags: , , , , |

Is Now the Time to Start Giving Away the Family Business?

Is Now the Time to Give Away the Business? This Wall Street Journal article from the excellent "You're the Boss" blog describes how the new 2010 tax laws concerning estate and gift taxes have created an excellent opportunity for some business owners to transfer large chunks of their businesses to family members without incurring estate or