Year-End Gift Tax Planning

Dear Clients, Colleagues, and Friends End of year gifting by check is always an issue for those trying to use their annual exclusion amounts, but in 2012 the issue also relates to those attempting to make larger gifts to use their available $5.12M unified credit amount before the scheduled reduction of the unified credit in 2013. The last thing a donor wants to see happen is that a large gift by check that he or she thinks is covered by […]

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Year-End Gift Planning for Procrastinators – The Gift-by-Promise Plan Works as Advertised

Dear Clients, Colleagues, and Friends, Following the release of Monday’s Client Alert on “How to Give Away $5.12M in 26 Days” we were contacted by several of our readers who procrastinated and now find themselves wanting to do their year-end gift tax planning prior to December 31. I guess these folks have been in a coma for the past 23 months and just now awakening to find the gift tax laws are a changing… Not to worry — there is […]

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How To Give Away $5 Million In 26 Days

We thought this article from Barron’s presented some interesting options for capturing the gift tax exclusion in the short time remaining: Giving $5 Million in 26 Days “Giving $5 Million in 26 Days” indicates it’s showtime — the last moves to make as the golden age of gift-tax exemptions comes to an end. This article highlights how to give away $5 Million with these last-minute ideas for creating trusts: cash for kiddies, a bauble for your better half, goodies for […]

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