Estate Planning Red Flag – You’re splitting gifts with your spouse
$225.00
Description
Abstract: The annual gift tax exclusion allows a person to transfer up to $15,000 per beneficiary gift-tax-free. One can double the exclusion to $30,000 per beneficiary if an election is made to split the gifts with a spouse. This brief article explains why it’s important to understand the rules surrounding gift-splitting to avoid unintended — and potentially costly — consequences.
Additional information
Year | |
---|---|
Niche | |
Newsletter | |
Issue | |
Word Count |