Minimizing Estate Taxes

Karen Hube discusses ways for "non-rich" people to reduce estate taxes.  She recommends piecemeal gifting, where every year a person can give away $13,000 to as many individuals as they like, tax-free.  Ms. Hube also discusses intra-family loans, where assets appreciate in the children's names without actually giving them up.  She also states that people should consider the benefits of transferring ownership of their home to their children now rather than waiting until after death.

See Karen Hube, "How to minimize estate taxes, even if you're not rich," The Washington Post, Oct. 14, 2011.

Posted by William Alan Nelson II, Associate Editor, Wealth Strategies Journal