Understanding gifting rules before the sunset
When the TCJA expires in 2025, the lifetime exclusion amount for gifting will be reduced, impacting gifting rules and decisions being made today.
Tag: gifting
Gifting and estate plans can be priorities at year-end
Year-end can be a critical time for investors who want to take advantage of certain gift- and estate-planning strategies.
Planning topics for estates of any size
Wealth transfer requires estate planning whether an estate is large or small.
Three planning ideas found in the tax schedule
A look at the latest tax rate schedule reveals tax-smart planning strategies to discuss with investors.
Five considerations for year-end planning
Here are several strategies that investors may use to try to reduce their tax bill.
Three year-end gifting strategies
Some estate-planning strategies require action before the end of the year — and clients may want to consider taking advantage of them before they lose the opportunity. Chris Hennessey explains some end-of-the-year gifting and estate-planning advantages. Gift tax exclusion — use it or lose it An individual can gift up to $14,000 per year without
The urgency behind year-end planning
The end of year is a critical time for financial planning — with many strategies having a December 31 deadline. Chris Hennessey explains why urgency about financial planning moves may be specific to the final quarter of the year, including: required minimum distributions, gifting, funding a 529 college savings plan, or reviewing asset allocations. Investors
Gift assets today — or pass them to heirs after you die?
With firmly-established exemption levels for estate and gift taxes, clients have more clarity on what they can do to limit taxation of their estates. The estate and gift tax exemption is the dollar amount that an individual can transfer to heirs that is sheltered from federal estate or gift taxes. Individuals may take advantage of
Top three topics for year-end planning
Year-end tax planning is an opportune time to connect with clients and review some key topics, including IRA-required minimum distributions, tax-loss harvesting, and annual gifting strategies. 284778