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April inevitably means tax time, so whether or not you need to file a return, this tends to be the season when you, and everyone else, think about deductions and techniques you might use to reduce the amount of tax … Continue reading
By now you have already been buried with requests from charities near and far, worthy and not-so-worthy, hoping to share in your good cheer during what is inevitably called the season of Giving. If you’re like many parents (and … Continue reading
The topic of gifting assets is often an important discussion in the world of estate planning. Generally, a main point of gifting is to remove assets from the estate of the donor to avoid potential estate taxes on the asset. … Continue reading
Posted in Estate Planning, Estate Taxes, Gifting, Trusts, Wills
Tagged capital gains, Estate Tax, estate tax planning, Federal Estate Gift Tax, Gifting, lifetime gift, Tax Planning
December is the season of giving. It is also the time when I get the most questions about when to give, how much to give, and what the effect of that giving may be, on both my clients as well … Continue reading
Here’s a summary of some of the recently released numbers affecting tax benefits in 2014: $ Annual exclusion from gift taxes (the amount an individual may give to an unlimited number of donees each year) remains at $14,000. The … Continue reading