Joshua Tree Enterprises

Sign Up for Newsletter

About this Entry

This page contains a single entry by Associate Editor published on April 4, 2012 11:23 PM.

Financial Adviser Should Act as a Fiduciary Not a Saleman was the previous entry in this blog.

Life Insurance in 2012 is the next entry in this blog.

Find recent content on the main index or look in the archives to find all content.

Basics Concerning Lifetime Gifts Before Dec. 31

TrackBacks (0)

The $5.12 million federal gift, estate and GST tax exemption is effective until Dec. 31 2012. For high net worth individuals, the exemptions allow the removal of $5.12 million ($10.24 for married couples) of assets, and their appreciation, from their federal taxable estate. Further saving may arise in states that impose a tax for transfers at death but not a state level gift tax. To take advantage of the exemption individuals can make a gift of cash, stock or real estate outright or in trust, setting up a partnership or LLC.

See "Make Taxable Gifts Before December 31, When the $5.12 Million Federal Gift Tax Exemption Expires" Choate Hall & Stewart LLP (March 27, 2012)

Posted by Myriam Clerge, Associate Editor, Wealth Strategies Journal

0 TrackBacks

Listed below are links to blogs that reference this entry: Basics Concerning Lifetime Gifts Before Dec. 31.

TrackBack URL for this entry: