by Sam | Apr 11, 2023 | Strategies
When it comes to estate planning, many people are familiar with the concept of a lifetime gift tax exemption. This exemption allows individuals to give a certain amount of money to others without incurring gift tax. However, what many people may not realize is that...
by Sam | Apr 11, 2023 | Strategies
Annual Gift Tax Exclusion is a legal provision that allows individuals to give gifts of a certain value to their adult children without incurring any tax liability. This provision is particularly relevant for parents who wish to transfer their wealth to their children...
by Sam | Apr 11, 2023 | Strategies
Transferring real estate to adult children can be a tricky process, and it’s important to do it in a tax-efficient manner. There are several ways to transfer a house to an adult child, including making a gift of the house, leaving it to them in a will, or...
by Sam | Apr 11, 2023 | Strategies
Intra-family loans can be a powerful tool for families looking to transfer wealth between generations. These loans are often used to help family members purchase homes, start businesses, or invest in other assets. They can also be used as an estate planning tool,...
by Sam | Apr 11, 2023 | Strategies
Reduce Taxes with Smart Gifting Strategies for Adult Children As adult children become financially independent, parents may consider gifting strategies to help them reduce their taxes. With proper planning, gifting can be an effective way to transfer wealth to adult...
