Topics of Interest
Increased Annual Gift Tax Exclusion
Many people use gifting as a method to transfer wealth. In the current economy, there are actually advantages to using gifting strategies to further mitigate Estate Taxation by taking advantage of allowable discounts which ultimately eliminate significant future appreciation from being included in the taxable estate. Uses for the gifts include IRC Section 529 College tuition plans, tax free gifts to children and grandchildren, and funding of Life Insurance Trusts.
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