Net gifts – A gift-giving technique that makes sense in certain situations
$225.00
Description
Abstract: Lifetime giving is a smart strategy to reduce a person’s taxable estate. However, if one’s $12.06 million federal gift and estate tax exemption has been exhausted, his or her gifts may be fully taxable at the 40% rate. In this case, consider making “net gifts.” This article explains that this technique requires the gift’s recipient to agree to pay the gift tax as a condition of receiving the gift, thus reducing the gift’s value for gift tax purposes.
Additional information
| Year | |
|---|---|
| Niche | |
| Newsletter | |
| Issue | |
| Word Count |