Strategic use of gifting disbursements before one's demise can help to ensure the maximum amount of bequests to one's heirs ...

As per RBI norms, resident individuals can remit up to $250,000 per financial year for various permissible capital and ...

A key federal estate, gift and generation-skipping transfer tax exemption included in the Tax Cuts and Jobs Act (“TCJA”) is ...

Internal Revenue Service recently issued final regulations (final regs) imposing a tax on U.S. citizens, residents and ...

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

Tax season can feel overwhelming, especially for baby boomers who may be navigating retirement plans, investment portfolios ...

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 ...

My brother and I want to do the right thing for our younger brother and give him an equal share from our inheritance. I know ...

Under the current scheme, you can give away as much money as you like, inheritance-tax free, as long as you live seven years ...