Key changes in estate and gift tax exemptions and valuation rules for 2025 offer expanded benefits, though some are temporary: Estate and gift tax exemption: The lifetime exemption rises to $ ...

In a situation where estate taxes are very likely to be much higher than capital gains taxes, it may be desirable to make a “completed gift” out of the trust maker’s gross estate and ...

Down payment amounts above $19,000 and received as a gift must be reported on a gift tax return by the person making the gift—not the beneficiary. But that doesn't mean the donor will pay taxes. "The ...

Gift tax returns could be the most misunderstood, neglected, and overlooked part of estate planning. There are many people who know estate planning quite well but draw blanks when issues about ...

Are you considering giving cash or property to loved ones or others in 2024 or next year, in 2025? Knowing the annual gift tax exclusion can save you money and spare you from filing gift tax returns.

The IRS has released new inflation-adjusted figures that can impact your estate and gift planning. These numbers seem like a ...

But it’s an opportunity with a ticking time limit. At a glance, the Tax Cuts and Jobs Act temporarily doubled the unified gift and estate tax exemption from $5.6 million per individual to $11.18 ...

The author writes "This year, estate planning practitioners have significant opportunities for estate tax savings for our high-net-worth clients. Time is critical though, and there are some traps for ...

Wealth advisers raise alarms over potential changes to inheritance tax's seven-year rule, as Chancellor eyes tax hikes to ...

US citizens residing in Europe must consider the potential for estate and inheritance tax exposure by both the European ...

This means a husband and wife with proper planning could transfer $27.98 million estate, gift and GST tax free to their children and grandchildren in 2025. If no new tax law is passed this year ...

Editor’s note: This is part 10 of an ongoing series about using trusts and LLCs in estate planning, asset protection and tax planning. The effectiveness of these powerful tools — especially ...