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Topic: Business
Number of pages / Number of words: 1 / 275
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The best strategy is to utilize a taxpayers annual exclusion which is currently $10,000 indexed for inflation. By giving away up to 10k as a present interest gift the property is not in the estate and passes free of tax.

Gift tax laws are generally designed to prevent complete tax avoidance. The Federal Estate Tax is unified with the Federal Gift tax so that large estates cannot be shielded from taxation by lifetime giving...


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The best strategy is to utilize a taxpayers annual exclusion which is currently $10,000 indexed for inflation. By giving away up to 10k as a present interest gift the property is not in the estate and passes free of tax.

Gift tax laws are generally designed to prevent complete tax avoidance. The Federal Estate Tax is unified with the Federal Gift tax so that large estates cannot be shielded from taxation by lifetime giving...


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