Forbes has published an article by Deborah L. Jacobs titled "Stock Market Dive Yields Gift Tax Bargains." In her article Jacob's points out that the current stock market crisis presents an opportunity to make bargain sized gifts without triggering the gift tax. Jacobs states "By making gifts when asset values are low you in effect pack more into these limits." The limits referenced by Jacobs are the annual gift tax exclusion, $13,000 and unified credit against gift tax which is currently set at $5,000,000 though subject to lapse at the end of 2012.
See Deborah L. Jacobs "Stock Market Dive Yields Gift Tax Bargains," Forbes (Aug. 19, 2011).
Posted by Jason Tyler Young, Associate Editor, Wealth Strategies Journal.
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